Is the Sharing Economy Dead?
The sharing economy has been heralded as a transformative approach to how we do business, view ownership and even trust each other. But five years after its initial rise, has it run its course? Fast Company details the optimistic rise and cynical, money-driven fall of the sharing economy. There’s no doubt that today’s “sharing economy” is different than what was envisioned a few years ago, but many characteristics are still evident. There’s potential for different types of firms, from the big players like Uber and Airbnb to little guys like Neighborgoods, to carve out their markets, but how these varying approaches will develop remains to be seen. We’ve written previously about the future of co-working, but is the broader sharing economy facing death, or just going through growing pains?