the sharing economy

Businesses based on peer-to-peer capitalism utilizing existing resources are increasing in the ‘sharing economy,” like Airbnb that rents out private rooms to travelers. During Brazil’s World Cup games in Brazil in 2014, over 100,000 people used home-sharing Web sites. Other sharing businesses are car-sharing or informal taxi services like Lyft, Uber, Sidecar and RelayRides; household jobs on TaskRabbit, Fiverr or Mechanical Turk; and deliveries on Favor or grocery-shopping on Instacart. Vayable matches tourists with local non-professional guides. Crowdfunding platforms like Kickstarter and Lending Club provide loans outside the banking system. Forbes magazine estimated that the sharing economy raised over $3.5 billion in the US in 2013

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