Based in San Francisco, CA, Turo is a small company with only 200 employees and an annual revenue of $96.0M.
The staff at Turo come from unusually diverse demographic backgrounds. The company is 45.8% female and 39.0% ethnic minorities. Even though it has great demographic diversity, Turo notably lacks in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 90.0%. Despite having coworkers who agree with each other about politics, employees at Turo tend to have relatively short tenures. Staff members usually stay with the company for 2.7 years.
The company was formerly called "RelayRides".
A news article from May 2024 about Turo cars being stolen then driven down to Mexico for use by cartels.
(Unconfirmed twitter post) "Turo’s been associated with renting cars used for drug trafficking and human smuggling. It’s a shady business."
It was apparently easy to rent a Turo car without proper ID checks, unlike regular rental cars.
Turo had plans for an IPO later this year. A lot of hosts (the actual car owners) werent happy with many of the recent changes leading up to the IPO:
https://old.reddit.com/r/turo/comments/1hrli3i/600_trips_7_vehicles_my_takeaways_on_turo/
List of current company directors:
I guess it's just me, but this is crazy. Renting your car to random strangers? No thanks.
Consider, you purchase a bomber from family or friend. You can rent it for $40+ per day. Meet customer at airport, Turo is the middle-man who holds the money. You deliver a clean car, full of gas - customer drives - possibly half the cost of a rental company - you make ~$200/week off a car you already own.
4-5 cars running, and you just vacuum, wash and maintain the cars. Many people make a living doing this. Older Porsche? $2,000/week isn't unusual - and YOU can reject anyone - for any reason.