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The Sharing Economy is Thriving: Just Look at WeWork

The Sharing Economy is Thriving: Just Look at WeWork
  The sharing economy is so much more than Airbnb. The sharing economy continues to progress on a daily basis and shows no sign of dissipating any time soon. The recent success of WeWork is ample proof of that. New York-based WeWork, which provides shared workspaces, recently received a $300 million investment from Japanese telecommunications company SoftBank, which catapults the company’s value to more than $17 billion. Not too shabby for a sharing-economy business founded seven short years ago. Perhaps it’s more of a surprise that the post-millennium concept took so long to be discovered in the first place. Rooted in convenience and cost-savings for consumers, and ancillary income opportunities for businesses, the sharing economy is the perfect blend of modernism and common sense. Airbnb was the first of this breed to truly take hold on a global scale, facilitating part-time rentals for houses, apartments and other living spaces. This essentially bypasses the need for hotels for many consumers while providing a more intimate experience at their destination. Since Airbnb was founded in San Francisco in 2008, numerous other examples of sharing economy have sprouted up, particularly in recent years. Most metropolitan areas now offer a bicycle-sharing service, in which individuals can rent a bike on a short-term basis at Point A and return it at Point B. RelayRides facilitates the use of neighbors’ cars, enabling individuals to rent cars by the day or the even by the hour. DogVacay serves as an alternative to the kennel, allowing dog owners to utili......
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