The gig economy is a labor market that utilizes part-time and temporary positions. These roles are typically filled by freelancers and independent contractors. This gives employees freedom and independence and saves companies money. But gig work comes at the cost of job security, paid time off, health insurance, and other benefits of permanent employment.
Look at the top 7 largest gig economy companies in the world.
7 – DoorDash, Inc. (NASDAQ:DASH)
Market Cap – $54.337 billion
DoorDash, Inc. (NASDAQ:DASH) ranks No. 7 on the list of the world’s 20 largest gig economy companies It has been. The company is based in San Francisco and operates an online ordering and delivery platform. Door Dash Co., Ltd. (NASDAQ:DASH) is the nation’s largest food supplier with more than 50% of the U.S. market share.
6 – Paypal Holdings, Inc. (NASDAQ:PYPL)
Market Capitalization – $69.17 billion
Paypal Holdings, Inc. (NASDAQ:PYPL) is an American company that operates an online payment system. The company has a huge network and operates in over 200 countries where it allows online bank transfers. Freelancers around the world use the services of Paypal Holdings, Inc. (NASDAQ:PYPL) to receive payments from clients.
5 – Shopify, Inc. (NYSE:SHOP)
Market Cap – $95.339 billion
Shopify, Inc. (NYSE:SHOP) is one of the five largest gig economy companies in the world. It is a Canadian multinational e-commerce company that provides a website building platform for e-commerce stores. The company is headquartered in Ottawa, Ontario.
4 – Airbnb, Inc. (NASDAQ:ABNB)
Market Cap – $102.78 billion
Airbnb, Inc. (NASDAQ:ABNB) ranks 4th on the list of the world’s 20 largest gig economy companies. It operate an online marketplace for short- and long-term homestays and experiences. Airbnb, Inc. was founded in 2008. (NASDAQ:ABNB) acts as a broker and charges a commission on each booking.
3 – Uber Technologies, Inc. (NYSE:UBER)
Market Capitalization – $155.95 billion
Uber Technologies, Inc. (NYSE:UBER) is one of the world’s three largest gig economy companies. The company is an American multinational transportation company best known for its ride-hailing services. However, recently the company has also become popular for its courier and food delivery services. Uber Technologies, Inc. (NYSE:UBER) is headquartered in San Francisco, California.
2 – Intuit, Inc. (NASDAQ:INTU)
Market Capitalization – $173.9 billion
Intuit, Inc. (NASDAQ:INTU) ranks second on the list of the world’s 20 largest gig economy companies. The company was founded in 1983 and is currently headquartered in Mountain View, California. It provide financial management and compliance products and services for small businesses and the self-employed. Intuit, Inc. (NASDAQ:INTU)’s tax preparation software helps new gig workers manage their taxes.
1 – Meituan (HKG:3690)
Market Capitalization – $625.96 billion
Meituan (HKG:3690) tops our list of the world’s largest gig economy companies, by a wide margin. Meituan (HKG:3690) was founded in 2010 and is headquartered in Beijing, China. The company connects consumers and merchants in areas such as food delivery, hotel and travel, and in-store. In the in-store, hotel and travel sectors, merchants can sell vouchers, coupons, tickets and reservations on its platform.