For the first time ever, more people are using Uber in New York than the city’s fabled yellow cabs. Data released form July shows Uber recorded an average of 289,000 rides each day compared with 277,000 taxi trips. A similar pattern has emerged in other cities, including San Francisco, Chicago and Houston, with the demand for Uber services starting to more widely expand out into the suburbs. Other ride-hail apps, like Lyft and Via, are also finding increased customer interest outside the main urban sprawl. The ride-hail apps have not only benefited passengers but also are creating good income for those needing part-time opportunities. According to a national study, 80% of Uber’s partner drivers work fewer than 35 hours a week across 20 of our largest markets, and more than half only drive between one and 15 hours each week. From what I’ve personally read and understand, most ride-share drivers are averaging between $15 and $22 per hour after you break it all down. Which is great for people that need the extra income. Bottom-line, two-sided marketplaces continue to gain in popularity and are clearly going to disrupt almost all industries. The define two-sided marketplaces as those that allow suppliers and customers to interact directly with one another and creates value through an intermediary platform. Uber in the transportation industry, and or Airbnb in housing and rental space are prime examples. Even the arts and crafts industry is getting disrupted by platforms like Etsy, which helps artist and crafters sell handmade and vintage goods to niche customers. To think this isn’t going to happen inside your industry is a delusion. Make sure you paying close attention and thinking about all of the moving pieces that surround you… (Source: Forbes; NYTimes, Money)