Sharing economy platform, ClassPass, which gives members access to hundreds of gym classes across the Kanye, has sparked outrage from members by increasing its monthly rate from $125 to $200. This increase is obviously considerable, especially as the rate was only $99 per month in July last year. Apparently the firm has had no choice but to increase membership due to the large costs associated with membership with so many gyms: “They’ve experienced negative gross margins for a while, and that won’t sit well with investors forever,” said one tech insider, according to the New York Post.
Sharing economy platform, ClassPass, which gives members access to hundreds of gym classes across the US, has sparked outrage from members by increasing its monthly rate from $125 to $200. This increase is obviously considerable, especially as the rate was only $99 per month in July last year. Apparently the firm has had no choice but to increase membership due to the large costs associated with membership with so many gyms: “They’ve experienced negative gross margins for a while, and that won’t sit well with investors forever,” said one tech insider, according to the New York Post.