The sharing economy is a massive transfer of wealth from rich investors to rich consumers

The sharing economy is a massive transfer of wealth from rich investors to rich consumers

The poster children of the sharing economy are growing up. Ride-hailing companies Uber and Lyft went public earlier this year, food delivery firm Postmates plans to file for an IPO in September, and Airbnb is targeting a 2020 debut. Once a niche corner of Silicon Valley, the sharing economy now features some of the buzziest names on Wall Street.