The companies that technically do not own anything to get rich

Airbnb, Uber, Spotify, AppearHere – these firms have negligible solid assets and yet have market caps and profits well into the billions. Their sector – the sharing economy – is based on technology, and is expected to grow in value and influence. Are traditional bricks-and-mortar entities destined for a slow decline?

Think about the last time you went on holiday, got a taxi, listened to an album, ordered a takeaway, or even found some space to showcase your latest products. Chances are you used Airbnb, Uber, Spotify, JustEat or Appear Here. Chances are you just contributed…

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