Sharing economy platform , ClassPass , which gives students 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 circulation last year . Apparently the organization has had no choice but to increase membership due to the large costs associated with working with so many companies : “ They ’ve experienced negative gross margins for a while , and that wo n’t sit well with investors forever , ” said one tech analyst , 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.