sharing economy News

As On-Demand Economy Grows, Professor Sees New Kind of Capitalism Emerging

It goes by many names: the “sharing economy,” the “gig economy,” the “on-demand economy.” Arun Sundararajan, a professor at New York University’s Stern School of Business who has been studying the phenomenon for several years, favors “crowd-based capitalism.” But he …

Insurance Startup in California Eyeing Gig Economy Opens $2M Seed Round

Bunker Project Inc., a San Francisco, Calif.-based insurance technology startup, announced a $2 million seed funding round. The round was co-led by Comcast Ventures and Route 66 Ventures. Insurance carriers Hiscox and American Family Ventures also participated in the round. Bunker …

EU Guidelines Seek to Limit Crackdown on Uber, Airbnb

European Union governments should not ban services like home-rental site Airbnb or ride-hailing app Uber except as a last resort, the EU says in new guidelines, seeking to rein in a crackdown on the “sharing economy.” In guidelines seen by …

Swiss Re’s List of Emerging Risks Range from Blockchain Tech to Human Cyborgs

A fragmented Internet, continued experimentation with monetary policy and another round of economic crises in emerging markets top Swiss Re’s latest roundup of emerging risks to watch out for. Beyond those top three, the reinsurance giant covers everything from human-induced …

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 …