sharing economy News

Why Ridesharing Won’t Hurt Car Sales

Car sharing usage will significantly increase, particularly in urban areas among young residents, however most consumers will still opt to own their own cars and car sharing will not significantly hurt car sales, according to a new report. Car sharing …

‘Cool’ Austin Icy Toward Uber, Airbnb, Bristling Tech Sector

Austin, Texas, boasts a reputation as one of most cutting-edge cities in the U.S, but new local regulations on ride-hailing apps such as Uber and rental sites such as Airbnb are stirring discontent in the tech sector, where some entrepreneurs …

Entrepreneurs Raise $13 Million to ‘Reinvent’ U.S. P/C Insurance with Peer-to-Peer Insurer

The U.S. property/casualty insurance industry is about to be tested directly by the sharing economy. Two tech entrepreneurs have raised $13 million in initial funding to launch a peer-to-peer online property/casualty insurance company named Lemonade, which they promise will reinvent …

Questions Arise as More Mass. Residents List Their Homes on Lodging Sites

Marcus Ohanesian and Katie O’Connor’s apartment in Worcester, Massachusetts, is in a “family-friendly neighborhood central to the middle of Worcester” and a short walk to excellent restaurants and bars. Their living rooms, with hardwood floors and walls painted in pastel …

Airbnb Under Siege From Hostile Ballot Measure in San Francisco

Travelers worldwide may love using Airbnb to book vacation stays, but the company that revolutionized home-sharing faces a hostile ballot measure in the city where it was founded. Proposition F on the Nov. 3 San Francisco ballot would limit short-term …

Unlike Uber, On-Demand Office Service Cleans Up with Employees

It’s scorching on the streets of Midtown Manhattan as Afonso Oliveira strides around the lunch-break crowds, unbent beneath his 45-pound, $350 industrial backpack. He is carrying everything that might be needed to tighten a leaking faucet at a digital marketing agency …

GOP Candidate Rubio Criticizes Gov’t Regulation of On-Demand Economy

Republican presidential candidate Marco Rubio vowed to cap the number of regulations government can impose on businesses, particularly “on-demand” startups like Uber and Airbnb that he considers models for a changing national economy. Speaking in New York City on Oct. …

New York AG Urges Tech Firms to Act Responsibly as Business Models Evolve

New York State’s top lawyer told technology-firm executives he will “bring the full force” of his office against companies that mistreat their workers or cheat consumers. Speaking to entrepreneurs and executives gathering in Manhattan, Attorney General Eric Schneiderman said on …

BoatUS Launches Peer-to-Peer Boat Insurance Program

BoatUS has launched a boat rental insurance policy available for rentals through Boatbound, a nationwide boat rental marketplace. The new Peer-to-Peer Boat Rental Policy covers the rental period and is designed specifically to meet the needs of this new and …

Uber Driver Case Tests ‘Sharing Economy’ Business Model

The most serious challenge to Uber Technologies Inc.’s “Be your own Boss” business model might also present an early test to the wider sharing economy as well as undermine its own $50 billion valuation. The immediate battle comes Thursday in …