The Sharing Of Social Media

Airbnb, founded during the economic downturn of 2008, is one of many innovative businesses operating within the growing shared economy. Airbnb offers an alternative to the traditional hotel business and allows property owners, termed “hosts,” to advertise and rent their extra space, be it a spare room, apartment or treehouse. “Guests” search through the Airbnb website, read reviews and connect with hosts to find less conventional and, often more, affordable lodging. Key to Airbnb’s business success is establishing a framework of trust on which both hosts and guests can rely, a system Airbnb has developed through a strong marketing strategy and through specific practices that support host and guest throughout the rental

The sharing economy has its perks however also its inconveniences. Mary Dejevsky is the writer of “Uber and the “sharing economy” are leaps into the past, not the future”, and in the text she speaks on the downside of the sharing economy. “There are questions, too, about quality of life and fairness. What recourse do you have if you are a tenant or home-owner disturbed by anti-social short-stayers? If you are a neighbor woken by driveway customers slamming their doors at 6am? If pollution is increased by the many more cars plying for hire? If wages are further depressed by casualization?”, Dejevsky lists various of problems that people face or could face now that sharing economy is becoming a global thing. All the things she mentions are pretty

Sharing economy is a business and a service built around sharing and renting assets, where the technology has a big involvement, as it’s used as communication between the renter and the borrower. Sharing economy has its advantages and disadvantages, and Suzanne Bearne, Catharine Hamm and Mary Dejevsky are 3 writers that express their knowledge and views relating to the topic of sharing economy.

Uber, Lyft, Sprig and Airbnb are popular examples of businesses that are part of the new, techno-driven sharing economy that makes participating as simple as a tap on a smartphone.

While such hesitancy and anxiety are understandable during the initial emergence of a disruptive technology, the multifamily industry might be better served to embrace the reality of Airbnb and the sharing economy. The potential economic benefits for both owners and residents are just too powerful, and the risk of not embracing it is

Airbnb & Uber are based on the platform business models which facilitates offering value to both the consumers and producers through the network effect. The consumers are offered a low-cost convenient cashless alternative to either reach a destination or have place to stay while the producers can make more efficient use of their car or a room to make additional income. In addition, both companies provide the ability to easily schedule, make payments, eliminate fear through crowdsource rating, empowers the micro-entrepreneurs, and lower the barrier to entry through low capital investment for both producers & consumers. Equally important, they also offer the micro-entrepreneur the flexibility in deciding their working hours or availability. Both Airbnb & Uber also share a very similar cost structure. There are three major components to their cost structure. The cost of technology, salaries for any permanent employees, and advertisement. As for the revenue streams, there are stark similarities between Airbnb & Uber. Both revenue streams are based on commission with some variation due to the industry. Through the platform business model, Airbnb & Uber are able to offer an optimal value proposition by creating value for their collaborators, customers, and the

The United States has serious labor market challenges as a result of rising wage inequality between people and the slow middle class wage growth. The need to provide individuals with variety of goods, service and information raise specific economic phenomena called “sharing economy”. This model of economy includes different types of industry categories: sharing information (YouTube), property (Airbnb), transportation (Uber) and more. The sharing economy works in the same way as a traditional market, where individuals exchange different goods and service. The central concept of sharing economy (collaborative consumption) is the access to the goods. The application of regulation is the major issue with this type of innovated economy. The sharing economy is a nontraditional, because the workers’ luck of benefits and the type of economical market system that creates an income and job opportunity. On the other hand this type of market provides a different type of benefits as: flexible schedule and employment; saving energy and less waste; self regulation; lower costs of the product. The context is of a great interest since participation in sharing communities and services is characterized by obligation to do good for other people and for the environment, such as sharing, and engaging in sustainable behavior (Prothero et al, 2011). The challenge of any market includes and market of sharing economy is to ensure the supply and demand. Specifically for the sharing market is the way

Sometimes referred to as collaborative consumption, other times the sharing economy, this movement is growing momentum at a stunning rate. Individuals are sharing anything from car rides to accommodation, to their front lawns to grow vegetables to even their pets. Whilst their industries are all different they all have significant factors that are the same. They are all disrupting conventional business models, impacting those traditional bottom lines and are doing so by providing platforms that promote peer to peer engagement, interaction and collaboration. This movement towards a collaborative economy affects so many of today’s industries and services and not just as a macro level, but more deeply effecting change within each industries ecosystem.

My generation has grown up with technology in our hands since we were toddlers. We are dependent on technology, from Iphones, Laptops,tablets, ipods, even watches that keep us connected to a never ending supply of distant connection. Social media is the source of many problems in our society. One of the problems is the lack of communication in a relationship. One misconception about social media is that it has the ability to strengthen a relationship because you have another avenue of communication when in fact it is detrimental, due to lack of intimate interaction between two people. Social media not only takes away face to face interactions, but it leads to trust issues, cheating and a lack of confrontation.

A recent trend in the consumer marketplace is the ability for a customer to share their personal belongings, such as their homes, apartments, automobiles, tools, bicycles, driveways, clothes, accessories, and so on. This new-shared economy is a multibillion-dollar business and is growing unremarkably. The sharing concept has created markets out of things that would never have been considered to be moneymaking assets before. These new money making concepts are disrupting our traditional economy. Regular businesses have to figure out how to compete. Is this shared economy creating new value for the consumers or is it just replacing existing business? This is what is on the minds of analysts.

With the development of multi-sided technology platforms known as the "sharing economy” have enabled people to use under-utilized inventory via fee-based sharing apps. Users of these apps have eagerly embraced these services offered by companies like AirBnb. These services have grown rapidly and seem to be taking over the hotel industries. At the end of the day, convenience is the most important aspect of why these businesses are so successful. They offer a large amount of inventory at the tip of your fingertip in a convenient app. AirBnb appeals to people who like to travel affordably. These travelers like to enjoy new cities and want to spend their money on exploring and experiencing the city and not spend all of their money on hotels. Meanwhile, the hosts are owners or renters who are willing to rent out their places for a fee. Some do it to make more money, others do it because

Airbnb is the king of the sharing economy despite stiff competition from new companies that have just realized how a sharing economy is profitable and fast growing. Airbnb being the pioneer has had a smooth sail from its inception in the year 2008 where they dominated the travel market with the provision of accommodation services all over the world to thousands of travelers. Because of its new genre, the sector has enjoyed a peaceful political, economic as well as social environment. With regards to the political environment, Airbnb has for the past years not been subjected to taxes and collection of revenue since there were no laws in place regulating personal homeowners and residents who rented their homes to visitors and tourists. This has now become a considerable factor that has sparked conflicts between the company and Hotel Lobby groups.

The widespread of mobile tablets and advanced payment ways motivate the advent of the technology-based sharing economy like Airbnb and Uber. The sharing economy nowadays is just a reengineered consumption model consists of old processes and digital technologies (Sundararajan, 2013). In other words, digital technologies are the powerful enablers for the rising of sharing economy.

The sharing economy is a developing, remarkably flexible economic network that allows people to borrow or rent assets, such as machinery, services, and skills, with one another. The sharing economy is utilized most often when the price of the resource in question is exceptionally high due to the fact that these resources will be shared at a significantly lower cost than retail arrangements. And although humans have shared the use of resources with one another for thousands of years, the growth of the Internet and services that utilize the Internet has made it easier for the owners of assets and those seeking out those assets to find each other. This sharing economy as allowed individuals to make a profit from their underused assets. Now,

A colleague and I decided to write an e-book on area of mutual interest, photography. As this project required the sharing of many photographs that are protected under our copyrights and a large volume of text we chose to create a knowledge-sharing system. The first part of the knowedlge sharing system is a password-protected Account on Flickr that enables each of us to upload our photographs in confidence they will stay outside the public domain while we work. We created a separate system fro our writing. A password-protected area of Google Docs is used for managing the outlines of the documents and the working drafts of the e-book. An external blog is used for getting feedback on the e-book's written content using a technique many consider to be crowdsourcing. These specific platforms are all accessible via mobile devices, and also across various operating systems incouding Apple iOS, Android and Microsoft Windows.