When I first heard someone use the term “the sharing economy” last year:
Me: What the fuck is “the sharing economy”?
Someone: It’s a catchall for businesses like AirBnB, Uber, Lyft, TaskRabbit and the like.
Me: Sounds more like they should call it “the slavery economy.”1 Give it a few years for that bubble to go the way of GroupOn.
…
What did I mean?
Well to take one example, this was sent to me recently by a friend because it appeared on her feed and she was curious how they got the numbers:
Should say “Apply now and start making serious cash… for Uber’s investors.”
Let’s do the math, shall we?2