HeyGo's shattered dreams: Promising P2P classified services platform failed to scale

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With 96,000 monthly active users, classified services app HeyGo grew in user numbers, but not revenue. It soon declared bankruptcy 

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Sharing economies have attained impressive levels of growth in the last few years, with the sector generating €28 billion in gross annual revenue in 2018 in Europe alone. Spain is at the vanguard of the sharing economy in Europe, with 6% of its population employed by companies adopting this business model for their products and services, above the European average.  Despite often being in the crosshairs of ever-increasing government regulations, collaborative economy startups have grown consistently. Airbnb, Uber and BlaBlacar are just a few examples of how successful...
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Edited by Celine Lim

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