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Uber Or Airbnb?

Satisfactory Essays

UBER and Airbnb are less effective at lobbying than the incumbent taxi companies and hotel companies primarily because they lack both economic and political power. They are relatively new to the market as they are the new form of business called sharing economy. Hence, they do not have strong affiliation with politicians through long history of networking nor they have strong economic power to pursue their interest as an interest group. That being said with the company itself, natural supporters of such company are also deemed less powerful than the incumbents. Moreover, unlike the incumbents, these supporters’ living is not directly related to those firms. In other words, their main source of income is not from UBER or Airbnb because like

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