The ridesharing revolution: What you need to know

The sharing economy has helped several people the traditional 9-5 jobs and instead adopt a more flexible approach to work.

Hence, you may find:

• A couple renting out a room of their apartment to a single dude via Airbnb
• A guy with a disability working from home by finding projects on websites like Upwork, Contently, or TaskRabbit
• A university student choosing to drive an Uber or Lyft during his/her summer vacations and on weekends

Among all these options, ridesharing seems to be garnering the most attention with, according to TechCrunch, even the likes of Elon Musk (founder of Tesla) hinting at creating a network of autonomous ridesharing network.

In the below infographic, we look at the rise and rise of ridesharing, along with the rivalry of Uber versus Lyft in the US. We also review some of the top ridesharing companies in other countries.

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DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation for writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.