What happened to the sharing economy?

TechCrunch | 7/31/2019 | Staff
iceyy (Posted by) Level 3
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A few years ago, Silicon Valley couldn’t stop using a trendy buzzword — the sharing economy. The good old top-down economic model with a clear separation between service providers and clients was falling apart. And huge tech companies disrupted entire industries, from Airbnb to Taskrabbit, Uber, Etsy and Getaround.

When you retrospectively look at the sharing economy boom of the early 2010s, many of the principles that defined that generation of startups have slowly disappeared. Instead of a huge societal shift, the sharing economy is slowly fading away.

Economy

What is the sharing economy?

In the past, if you wanted to buy a good or a service, you would ask a company or a professional to provide it.

Something - Company - Thing - Plenty - Companies

You’d buy something from a company in particular because you knew it would be the exact thing you need. That’s why plenty of companies spent huge amounts of money to build a brand and a reputation. If you just bought...
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