The rise of smartphones and social media has enabled the expansion of the sharing economy, a phase during which the likes of Uber and Airbnb were born.
The power of these entrepreneurial ventures is continuously rising. Airbnb has already exceeded 10 million guest stays and Uber continues to grow despite its current failings. No matter how bad the PR is getting for Uber, consumers do not seem to care. As long as the company’s ride hailing app continues to outperform rival apps, Uber will continue to dominate the market.
Brad Stone has covered the Silicon Valley as a journalist for more than fifteen years. After his book “The Everything Store: Jeff Bezos and the Age of Amazon,” which won the Financial Times and Goldman Sachs Business Book of the Year Award in 2013, he is back with an enthralling account of how Uber and Airbnb came to be and how a new generation of entrepreneurs are changing the way we live in “The Upstarts: How Uber, Airbnb, and the Killer Companies of the New Silicon Valley Are Changing the World.”