From Zero Hedge: As tourism and hospitality-related industries tumble into bankruptcy one after the other as the government money runs out and revenues dry up thanks to the pandemic, Airbnb – the sharing economy pioneer that has managed to shift its focus to offering ‘staycation’-type arrangements for high-strung professionals looking to take a little break[…]
Authored by Ranjan Roy via The Margins substack, If capitalism is driven by a search for profit, the food delivery business confuses the hell out of me. Every platform loses money. Restaurants feel like they’re getting screwed. Delivery drivers are poster children for gig economy problems. Customers get annoyed about delivery fees. Isn’t business supposed to[…]
From NPR March 2020: On a typical sunny spring afternoon, the outdoor seating of Atlanta’s Krog Street Market would usually be packed. But it’s not a typical week. As more and more people practice social distancing and stay inside in the wake of the coronavirus pandemic, the tables at Krog are completely deserted. Most restaurant booths[…]