38. Transactions in regular economy:
regulations, warranties and liabilities
Transactions in sharing economy:
strong reliance on trust
No trust, no transaction
40. •550.000 listings in 2014
•15 million nights booked
•90% of ratings are 4.5 or 5 (out of 5)
41. •8 million members
•2 million rides offered at any time
•average rating 4,8 (out of 5)
42. 110.000.000 active users
worth of goods traded in 2013
$ 212.000.000.000 i.e. $ 6.722 per second
•negative rating of sellers: 1%
•negative rating of buyers: 2%
•users with a strong track record receive 8% higher price on goods sold