MIS 2101 Chapter Notes - Chapter 7: Avis Budget Group, Temporary Work, Airbnb

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24 May 2018

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Airbnb and the unstoppable rise of the share economy

• Fredric Larson rents out his country home on Airbnb and works as a Lyft driver to make

more money

• Gig economy – plethora of microjobs fueled by online marketplaces offering and filling

an array of paid errands and office chores

• Share economy – asset owners use digital clearinghouses to capitalize the unused

capacity of things they already have, and consumers rent from their peer rather than

rent or buy from a company

• Sharig oept has reated arket out of thigs that ould’t hae ee osidered

monetizable assets before

• Zipcar bought by Avis Budget Group for $500 million

• Share company allows everyone to be both consumer and producer

• Airbnb trying to prove legality in New York and San Francisco

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