The Boring Company’s 2.4-mile underground Loop in Las Vegas is proving anything but boring for management, with at least 67 trespassing occurrences since 2022, according to a deep dive by Fortune. Designed for Tesla models to shuttle passengers underneath the Las Vegas Convention center, others who’ve found their way into the tunnels include a skateboarder, […]
Unit and Loop lay off staff and Brex ditches co-CEO model
Welcome to TechCrunch Fintech! This week, we’re looking at layoffs at BaaS startup Unit and car insurance company Loop, as well as Brex’s decision to abandon its co-CEO model, Apple killing its Pay Later feature, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday […]
Loop Golf looks to take the stress out of booking a tee time
Golf has exploded in popularity in recent years thanks to the pandemic and the popularity of Netflix’s Full Swing documentary series. More than 531 million rounds of golf were played in the U.S. in 2023 alone, according to the National Golf Foundation. Because of this surge in interest, golfers are finding that nabbing a tee […]
After 20 months of trying to raise funds, insurance startup Loop cuts staff
Loop, the car insurance company co-founded by Harlem Capital co-founder John Henry, has laid off staff as the company struggles with fundraising. Henry took to Instagram to post the email his co-founder Carey Nadeau sent to impacted staff on June 16th. Nadeu also posted the letter to LinkedIn. It stated that this was the “absolute […]