Platform Economy Quotes

Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns no real estate.

The migration to more of a developer-powered economy is actually truer to our vision, which is a platform for user-generated content driven by our community.

A P2P business is a company that creates a platform which allows individuals or 'peers' to directly buy and sell from each other. This activity has sometimes been called the 'sharing economy.' Some are wary of these new companies and the challenge they pose to the established market.

The sharing economy is out of the bag - and it's not going to go back in.

Almost every one of us interacts with the experience or sharing economy every day, and I'm proud that Rent the Runway has helped to popularize and normalize this behavior.

I really think the Uberfication of everything is a trend that I didn't expect to be coming this fast. I mean, every single thing you want to do in your life, people are building services to take all the pain out.

The sharing economy is about making use of any idle resource out there. We do love seeing other sharing-economy companies flourish.

With Ikea Group ownership, TaskRabbit could realize even greater opportunities: increasing earning potential of Taskers and connecting consumers to a wide range of affordable services.

Arizona should be to the Sharing Economy what Texas is to Oil and what Silicon Valley used to be to the tech industry.

We see these wonderful apps that really have changed our world in many good ways such as Uber or Airbnb, but at the same time, they're drastically changing the workforce. And they're changing them so much that the industries themselves are not able to keep up.

In an economy increasingly dominated by network effects, peer-to-peer transactions, self-regulation, and contract labor, the old frameworks are woefully irrelevant.

A platform is essentially a business model that thrives because of the participation and value added from third parties with only incremental effort from the owner of the platform.

When you run a platform on scale, you have to make sure it's truly open. That way, not only do you do well, so do others.

People are enduring more than a temporary financial crisis. We are witnessing a fundamental shift in the economy. Companies and industries will in great measure no longer grow by borrowing vast capital to make huge acquisitions. The way to grow to critical mass - the Google way - will be to become platforms and networks that enable others to build businesses, grow, and succeed.