Jeremy Rifkin / A 'zero marginal cost' economy - Press of Atlantic City: Commentary

Jeremy Rifkin / A 'zero marginal cost' economy

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Posted: Friday, April 11, 2014 12:01 am

Airbnb is all the talk on Wall Street. Its thirtysomething founders were nearly broke six years ago. Now it seems likely they will soon become billionaires. Their company, which connects 600,000 apartment dwellers and homeowners in 160 countries with millions of people seeking cheap lodging online, is closing a new round of private funding, and it is expected to be valued at $10 billion or more by the end of April. In one night alone during 2013, Airbnb boasted 250,000 guests staying in its members' apartments and houses. The home-sharing service is already approaching the worth of some of the biggest hotel chains in the world, including Hyatt Hotels and Wyndham Worldwide.

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