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The 'sharing' economy: profits and pitfalls

It's a new dawn for key services, but critics say the rising sector is an unregulated Wild West
Monday, December 21, 2015 - 05:50
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Facilitated by smartphones and geolocation technology, the sharing model offers vastly expanded choices and often lower prices.

Washington

IT'S a new dawn for transport, lodging - and pretty much every service under the sun - and it's all about "sharing". The so-called sharing economy gained traction across the globe in 2015 as Uber upended the taxi business, Airbnb disrupted the hotel sector and a host of online