Earlier today the sharing economy startup world was abruptly awoken from its holiday slumber with the news that car rental giant Avis would buy car-sharing company Zipcar for $500 million. No sooner had the news gotten out, though, that some shareholders in Zipcar have cried foul. The securities litigation firm of Powers Taylor, along with Willie Briscoe, the ex-U.S. SEC attorney, today announced… → Read More
Further adding to the headache that is the rental car experience, Avis will be adding WiFi services to all of its rental cars as an add-on service, starting next year. Autonet Mobile, the provider of the service, is poised to announce the deal at CES, but we caught early wind via the NY Times. For $11 a day, you can download porn at 60MPH, which, really, is the fulfillment of the original promise… → Read More
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