Car-sharing business Turo Inc. filed for an initial public offering, revealing its revenue as well as its losses accelerated during the coronavirus pandemic. The San Francisco-based company said in August that it had submitted its IPO registration to the U.S. Securities and Exchange Commission. In its public filing Monday, Turo listed the size of the offering as $100 million, a placeholder that will change when terms of the share sale are set. Turo, which competes with Getaro

A new law in New York now allows for peer-to-peer car sharing in the state, a move proponents claim will provide new economic opportunities for residents. Car sharing allows residents to offer their personal vehicles for short-term rentals. Gov. Kathy Hochul signed S6715/A2349 into law last week. Sponsored by Sen. Neil Breslin, D-Albany, and former Assemblyman (now Acting Secretary of State) Robert Rodriguez, D-Manhattan, the new law allows companies managing peer-to-peer pro