The results are in for the sharing economy. They are ugly.

The COVID-19 crisis has posed great challenges for the sharing economy, including its platforms, the platform workers, and investors’ decision on this industry. This article explores the challenges faced by the big platform companies, including the direct impact of the COVID-19 crisis, the lawsuit claiming that Uber and Lyft misclassified their drivers as independent contractors, and the challenge for Airbnb to ensure its hosts can deal with virus safety properly. However, apart from the downside in business, there can be opportunities to grow. 

Conger K. and Griffith E., the New York Times (2020), ‘The results are in for the sharing economy. They are ugly.’, 7 May.

Metadata

  • Article
  • United States
  • Yes
  • accommodation, transport
  • On-location platform-determined routine work
  • Airbnb, Lyft, Uber, Uber Eats
  • COVID-19, employment status, health and safety, social protection
  • English
  • The New York Times (Publisher)
  • 2020
  • Open access
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