With the profitability and share prices of major gig economy companies like Uber and Lyft plunging, the fate of AirBnB, which plans to go public in 2020, remains uncertain. However, AirBnB’s fate may be different.
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In many ways Pinterest is a “unicorn”, a term used to refer to start-ups valued at more than $1 billion before going public. First off, it’s not your typical fast-rising social media company. Its CEO, Ben Silbermann, preaches favoring “quality growth” of a company, rather than rapidly growing at any cost.
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“Quick and easy delivery” is the tagline of the so called On-Demand economy. However, with the speed with which these start-ups deliver their service, failure might inevitably be the outcome.
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By linking consumers with service providers, these tech-based companies churn profit by facilitating a simple connection, time and time again.
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