Uber Valued at $41 Billion: Update on The Sharing Economy

Uber Valued at $41Billion: Update on The Sharing Economy

The sharing economy continues to grow, connecting people and their assets to people who need them.

Just this past week, business and financial websites reported that Uber, the ride-sharing company, has a valuation of $41 billion after receiving new funding.

Travis Kalanick, Uber Co-founder and CEO, wrote in the Uber blog that 2014 has been an enormous growth year for Uber.

  • The company has added taxis to its ride-sharing options
  • In 2013, the company’s ride-sharing business was operating in 60 cities and 21 countries.
  • In 2014, the number of cities has risen to 250 cities and the number of countries has risen to in to 50 countries.
  • Kalanick predicts that in 2015, Uber will generate 1 million jobs.

Uber’s company website lists over 600 job openings worldwide.  These are jobs working directly for Uber as an employee.

Airbnb lists the following stats on their website:

  • Total guests 25,000,000 plus
  • Cities 34,000 plus
  • Countries 190 plus
  • Castles 600 plus
  • Listings worldwide 800,000 plus

Among the 800,000 listings worldwide, the hosts often include more than one person who is earning money from the revenue from their guests via Airbnb.

Airbnb has raised $119,800,000 in financing.  Airbnb also has job applications on their website.

In addition to Uber and Airbnb, the following companies help people connect their talents and their assets to people who need them.

  • You can share your car and drive for Uber’s chief competitor Lyft.
  •  You can share your talent and time at Elance, Fiverr, TaskRabbit, and Amazon’s Mechanical Turk.
  • You can share your time and car as a food delivery service at Postmates.

The sharing economy is here to stay.

For people who provide services, the sharing economy does offer income options.  There are also things to consider.  When sharing their property as part of their service to the public, service providers expose themselves and their property to risks.  There are certainly inconveniences, especially for people sharing their home.  Dealing with the public in their car or their home reduces the privacy for service providers in their own property.

Image: 401(K) 2012/Flickr

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