A delivery man working for Uber Eats rides a bicycle in Paris, on the thirty-fifth day of a lockdown in France aimed at curbing the spread of the Covid-19 disease, caused by the novel coronavirus. Sharing economy companies are now bleeding more cash than ever, shedding workers and scaling back expectations for profitability amid heightened uncertainty about consumer trends and the economic outlook. — AFP
WASHINGTON: “Sharing economy” firms like Uber and Airbnb were seeing surging growth and predictions they would reshape several economic sectors. Then the pandemic hit.
These companies are now bleeding more cash than ever, shedding workers and scaling back expectations for profitability amid heightened uncertainty about consumer trends and the economic outlook.
Limited time offer:
Just RM5 per month.
A delivery man working for Uber Eats rides a bicycle in Paris, on the thirty-fifth day of a lockdown in France aimed at curbing the spread of the Covid-19 disease, caused by the novel coronavirus. Sharing economy companies are now bleeding more cash than ever, shedding workers and scaling back expectations for profitability amid heightened uncertainty about consumer trends and the economic outlook. — AFP
US rental site Airbnb logo is displayed during the company’s press conference in Tokyo. ‘Sharing economy’ firms like Uber and Airbnb were seeing surging growth and predictions they would reshape several economic sectors. Then the pandemic hit. — AFP
People look at Jump bikes, Uber’s electric share bikes, in Washington, DC. ‘Sharing economy’ firms like Uber and Airbnb were seeing surging growth and predictions they would reshape several economic sectors. Then the pandemic hit. — AFP
A protestor wears a face mask and gloves as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers Union of America conduct a caravan protest outside the California Labor Commissioners office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. ‘Sharing economy’ firms like Uber and Airbnb were seeing surging growth and predictions they would reshape several economic sectors. Then the pandemic hit. — AFP
