The Sharing Economy

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The “sharing economy” describes a type of business built on the sharing of resources, like AirBnb or Zipcar. As of 2012, the concept of sharing has moved from a community practice into a legitimate business opportunity. This increasing legitimacy is reflected in the more polished terms used to describe the phenomenon like peer-to-peer (P2P) networks, collaborative consumption or the access economy. Some advocates wax philosophical that this emerging sharing economy has come about because society has collectively arrived at a more altruistic place in our evolution. Others simply attribute it to Clinton’s old adage, “it’s the economy, stupid,” with trying financial times forcing us to reevaluate the way we interact with one another and with the resources we have at hand. Whether it is a monetary or social paradigm shift, Time considers the access economy to be one of “10 Ideas That Will Change the World.” We agree.

noirbnb

Could Startups Born Out of the #AirbnbWhileBlack Outcry Succeed?

Both Noirbnb and Innclusive started with bad customer experiences with Airbnb, specifically centered around racial discrimination. But do these startups have a future?
Uber, ridesharing, sharing economy, courts, labor, Leon Kaye, California, Massachusetts

Judge Rejects Uber Class Action Settlement

A judge has rejected a $100 million settlement between Uber and drivers in California and Massachusetts, keeping their employment status in legal limbo.
Uber, ridesharing, sharing economy, carsharing, stock markets, capital markets, Leon Kaye, shorting, Silicon Valley

Can Silicon Valley ‘Unicorns’ Be Shorted?

The neverending growth of Silicon Valley "unicorns" has led several analysts to suggest that their stock could be subjected to a massive “short."
teenagers

Gen Z: Fashion, Technology and the Sharing Economy

This emerging generation brings a new worldview and different expectations as citizens, employees and consumers -- and they're trending toward sharing and buying…
Airbnb, sharing economy, discrimination, taxes, Leon Kaye

Airbnb Hopes Big-Name Hires Can Salvage Its Image

Following a number of discrimination lawsuits, Airbnb's reputation is on shaky ground. The company hopes some notable hires, including former U.S. Attorney General…
Public transportation, ridesharing, Uber, New York, smart cities, Leon Kaye, rail

Uber Takes on New York’s MTA with Cheap Rides in Manhattan

New Yorkers can now score a two-week unlimited UberPool commuting fare card for just $49. That makes Uber rides around much of Manhattan…
Airbnb apartment

A New Territory for Airbnb: Corporate Responsibility

The growing complaints about racial discrimination on Airbnb’s platform bring to mind a new territory the company has yet to explore – corporate…
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Hundreds of All-Electric, American-Made Scooters Coming to San Francisco

Electric-scooter sharing service Scoot Networks plans to bring hundreds of new, American-made machines to the streets of San Francisco. 3p's Phil Covington spoke…
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Strippers and Ubers? They May Be More Alike Than You Think

An appeals court ruled last week that strippers are considered employees, rather than independent contractors. And many of the findings can be applied…
Airbnb lodging

Following Controversy, Airbnb Reviews Anti-Discrimination Policy

Airbnb is doing a poor job of educating its hosts about the Fair Housing Act, prompting lawsuits, social media backlash and even a…
Uber, sharing economy, ridesharing, banking, loans, Leon Kaye

Uber’s Subprime Auto Scheme Is the Last Nail in the Sharing Economy’s Coffin

New investments from Wall Street financiers will allow Uber to rapidly expand Xchange Leasing, the ridesharing company’s car leasing division. But many analysts…
Uber, Lyft, Walmart, sharing economy, ridesharing, Leon Kaye

Walmart Testing Delivery Services with Uber and Lyft

Last week at its annual shareholder’s meeting, Walmart announced plans to explore a partnership with Uber and Lyft as it seeks to expand…
splacer

Splacer Taps Into the Power of the Sharing Economy

What Airbnb does for longer-term home stays, Splacer does for short-term event spaces.
Mobility, ridesharing, sharing economy, Volkswagen, Uber, Leon Kaye, Gett

Volkswagen Invests $300M in Ridesharing Service Gett

Volkswagen is linking up with Uber competitor Gett. The German automaker hopes the new partnership will help it compete in an evolving mobility…
Airbnb

Airbnb Hit With Racial Discrimination Suit

Is Airbnb allowing hosts to discriminate against potential guests based on their race? A recently filed lawsuit alleges that it does.