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Once high-flying company gained a $1bn valuation five years ago, but has since struggled to make profits
Miami-based company says there is doubt about its ability to ‘continue as a going concern’
...Designer clothes seemed like a perfect extension of the sharing economy. RTR, founded by Harvard alumni Jennifer Hyman and Jennifer Fleiss, describes itself as a “closet in the cloud”....
Market has been scuppered by high cost of maintenance and dearth of riders in pandemic
Rental shortage should be a boost for companies that connect drivers with vehicle owners but they are struggling to make a profit
A new service hopes to offer something new to drivers and riders. But it shouldn’t expect an easy ride
...Swimply may be a natural extension of the sharing economy. But it has its work cut out to prove it is not a flash in the pan....
...A SHARING ECONOMY Academics at Paris-based ESCP Business School focused on collaboration between institutions for an ambitious project aimed at identifying innovative solutions for sustainability challenges...
...economy....
...“Whether it’s the sharing economy or being more socially conscious, younger consumers today are far less reluctant to buy items that were previously owned,” says Karine Szegedi, consumer industry leader...
PR puff can’t disguise a broken business model.
...Over a decade ago, people started describing “the sharing economy” or “the peer-to-peer economy”, in which technology was making it easy to arrange carpooling or to link tourists with people in travel hotspots...
...At least it benefited the eco-tourism sharing economy and those with stable and a manger to put on the Judaean version of Airbnb....
...For many younger shoppers, who have grown up in the sharing economy in which ownership is less important than for their parents, buying jeans second-hand or renting a designer dress is not unusual....
...We also found that young people still put a lot of store in home ownership; nine out of 10 in the UK say it’s a core priority to buy a home, even in the “sharing economy”....
Growth slows at short-term booking platform as it prepares for December listing
...Slapping the sharing economy with VAT has the potential to shore up many billions in tax revenues that the Treasury believes have been lost as these platforms have grown rapidly in size....
...The challenge of such sharing economy business models, which espouse the concept of stewardship, rather than ownership, of goods is to scale quickly enough to make a significant impact....
Uber and Lyft need to prove they’re economically viable, but doing so while keeping its customer base seems impossible.
...Short the sharing economy....
Virus may have hit ride-hailing and car pooling but revived interest in ownership will be temporary
...“That sharing economy and different use of assets is a growing trend.” Westacott warned that it might not be for everyone, particularly those who do not like the idea of strangers in their home....
LA suit argues that officials’ collection of location data from ‘micromobility’ services is unconstitutional
...Andreas Scriven, head of hospitality and leisure at Deloitte, says the sharing economy has become “a huge trend” in travel, adding that younger consumers are more likely to prioritise spending money on experiences...
Dara channels Descartes.
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