Samuel Dibble and Clark Wilkes of Baker Botts
Samuel Dibble and Clark Wilkes of Baker Botts

Over the past decade, the sharing economy has disrupted traditional transportation, hospitality, finance and media industries across the United States and the world by allowing entrepreneurial minded individuals to monetize unused or underutilized assets through peer-to-peer transactions. By some estimates, the sharing economy will grow from $15 billion in 2014 to $335 billion by 2025. In the consumer sector, many people opt to use ride sharing services like Lyft or Uber to eliminate the burden of fixed transportation expenses. Riders only pay for transportation that they need and only when they need it. Monthly car payments and expenses like parking, gas and insurance are deferred until the cost of on-demand transportation services consistently exceed them.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 3 articles* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account? Sign In Now

(Excerpt) Read more Here | 2020-07-10 01:49:56
Image credit: source


Please enter your comment!
Please enter your name here