
Subscribe to JohnieWaitkus

Subscribe to JohnieWaitkus
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
Neither inflation nor a global pandemic can stop the gig economy, it seems.
In fact, we're Uber-ing and Airbnb-ing more than ever in 2022, defying predictions that the sharing economy would collapse in the era of Covid.
Here's the deal: It's the summer of sharing ... and side hustling. Got a thing that you own? There's probably a market for people who'll pay to borrow it. Your house, car, your boat, even your swimming pool can become a lucrative asset if you're willing to rent it out. And it seems supply and demand are both going strong:
*
Airbnb logged 103.7 million bookings between April and June, a new quarterly record and a 24% jump compared to the same period in 2019, my colleague Julia Horowitz reports.
Uber, whose core ride-hailing business all but collapsed in 2020, brought in more than $8 billion in revenue last quarter, roughly double what it made a year ago. The number of consumers and drivers using Uber are "at all-time highs," the company said.
At this point, Uber and Airbnb are the old guard of the gig economy -- disruptors who've become establishment and inspired a whole new class of sharing-minded startups that have flourished in the Covid era.
Neither inflation nor a global pandemic can stop the gig economy, it seems.
In fact, we're Uber-ing and Airbnb-ing more than ever in 2022, defying predictions that the sharing economy would collapse in the era of Covid.
Here's the deal: It's the summer of sharing ... and side hustling. Got a thing that you own? There's probably a market for people who'll pay to borrow it. Your house, car, your boat, even your swimming pool can become a lucrative asset if you're willing to rent it out. And it seems supply and demand are both going strong:
*
Airbnb logged 103.7 million bookings between April and June, a new quarterly record and a 24% jump compared to the same period in 2019, my colleague Julia Horowitz reports.
Uber, whose core ride-hailing business all but collapsed in 2020, brought in more than $8 billion in revenue last quarter, roughly double what it made a year ago. The number of consumers and drivers using Uber are "at all-time highs," the company said.
At this point, Uber and Airbnb are the old guard of the gig economy -- disruptors who've become establishment and inspired a whole new class of sharing-minded startups that have flourished in the Covid era.
No activity yet