Tag: Sharing Economy

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  • Airbnb hosting illegal rentals in NYC and hiding the numbers

    Airbnb allegedly manipulated numbers to hide illegal hosts in NYC

    Airbnb was reportedly hiding certain rental numbers in New York City to conceal the fact that “illegal hosts” were using the platform to reap huge financial benefits. The report by Inside Airbnb alleges that the sharing-economy poster child purged problematic listings ahead of its public release of New York City listing data on November 17 […]

  • Uber Class Action Lawsuit Moves Forward

    Uber Loses Appeal to Deny Class Action Lawsuit Filing

    Uber’s request to immediately appeal an order approving class certification in a lawsuit filed by its own contract drivers was denied by a U.S. appeals court on Tuesday. The 9th U.S. Circuit Court of Appeals in San Francisco, is set to hear the lawsuit which was filed by drivers who contend they are employees and entitled […]

  • Didi Kuaidi

    Uber’s Biggest China Rival Just Raised $3 Billion

    Didi Kuaidi, the Chinese car-booking business that competes directly with Uber in China, is said to have raised $3 billion in a new round of funding. If the report holds true Didi Kuaidi would now be worth $16.5 billion. The company has not yet released a statement about the current financing round. Didi Kuaidi President […]

  • Anti AirBnB Group Ad

    Anti-Airbnb Group: Sharing Economy Only Makes Money For Real Estate Moguls

    An anti-Airbnb group has released a new advertisement that refutes the idea that the short-term rental service assists the regular Joe. ShareBetter has released a new advertisement on television locally in the New York area and nation-wide online in anticipation of reaching as many cities as possible where the “illegal hotels” are looking to expand. […]