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Did Uber just burst the sharing economy bubble? – Roadshow

Bloomberg, citing people familiar with the matter, reports losses for Uber in first half of 2016 total at least $1.27 billion. The loss throws into question the narrative of the burgeoning sharing economy. The repurposing of resources like cars and apartments is supposed to create jobs, upend businesses and change the way we live. But […]

Bloomberg, citing people familiar with the matter, reports losses for Uber in first half of 2016 total at least $1.27 billion.

The loss throws into question the narrative of the burgeoning sharing economy. The repurposing of resources like cars and apartments is supposed to create jobs, upend businesses and change the way we live. But what does that mean when Uber, one of the giants of this movement, can’t turn a profit?

Source: Did Uber just burst the sharing economy bubble? – Roadshow

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