Group member: Kiki, Carina, Novem
The sharing economy, often known as the “sharing platform economy,” is a disruptive departure from conventional business models. It empowers individuals to lease or borrow assets owned by others through digital platforms, fostering peer-to-peer exchanges. Examples include Airbnb, allowing homeowners to rent their properties, and Uber, connecting drivers and passengers. Benefits include increased accessibility, flexibility, and cost-efficiency, often bypassing intermediaries. However, it raises regulatory, labor, and competition challenges. As technology advances, the sharing platform economy is reshaping global commerce and consumer behavior.
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Airbnb is one of the sharing economy product.Airbnb is not a software operated by the hotel itself. It is an intermediary platform, a software that protects the interests of both tenants and homeowners. By linking hosts and renters, Airbnb has successfully integrated into and benefited from the sharing economy. Through the survey, Airbnb has helped create jobs in more than 220 countries, such as specializing in Airbnb cleaning services and services for tour operators. So how does Airbnb make money? By taking 3% of the landlord’s service fee and the tips left by customers when they leave as a source of income. Airbnb earns commissions and promotes itself by cooperating with cleaning companies, travel companies, airlines, and other tourism industries. On social media, people often see Airbnb ads and Internet celebrities about Airbnb rentals, which are promoted as Airbnb’s operating model in the sharing economy. This also fully proves the mature development of the sharing economy under the digital culture.
Amazon enters ‘sharing economy’ with Flex delivery
Amazon is embracing the principles of the sharing economy with its latest initiative, Amazon Flex. This program allows drivers to register for available shifts using a mobile app designed for Android devices, which notifies them of delivery opportunities in their vicinity. Amazon is offering compensation of up to $25 per hour to these drivers.
“UBER Eats Delivery Cyclist Riding Through a Busy Oxford Road in Manchester” by shopblocks is licensed under CC BY 2.0.
Uber Eats, a subsidiary of Uber Technologies Inc., is a global online food delivery platform headquartered in San Francisco, California, USA. Its primary mission is to connect food suppliers with customers through the internet and mobile applications, allowing customers to easily order delicious meals on their smartphones and have them delivered to specified locations. The emergence of Uber Eats has disrupted the traditional food delivery market, providing customers with convenient and diverse dining options while offering restaurants and food suppliers a robust online sales channel. This service is available worldwide, covering numerous cities and providing a convenient way for many people to satisfy their taste buds amidst their busy lives.
Mishkin, H. (2015, September 29). Amazon enters sharing economy with Flex delivery. CNBC. https://www.cnbc.com/2015/09/29/amazon-enters-sharing-economy-with-flex-delivery.html
The Sharing Economy: How Does Airbnb Work – Hometime. (n.d.). Www.hometime.io. https://www.hometime.io/blog/the-sharing-economy-how-does-airbnb-work