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CEA Applauds FTC for Recognizing the Value of the Sharing Economy

Arlington, VA – June 9, 2015 – 
The following statement is attributed to Gary Shapiro, president and CEO, Consumer Electronics Association (CEA)®, regarding today’s Federal Trade Commission (FTC) workshop, The “Sharing” Economy: Issues Facing Platforms, Participants, and Regulators:

“We thank Chairwoman Ramirez and Commissioners Brill, McSweeny, Ohlhausen and Wright for recognizing the economic value and potential of the sharing economy. And we appreciate the FTC inviting our member company Uber to participate on a workshop panel and share its perspective on why peer-to-peer platforms are truly game-changing innovations.
 
“The sharing economy is free-market economics at its best. These entrepreneurs and innovators identify our underused resources – often at the expense of firmly entrenched and outdated industry behemoths – and deliver demand-based products and services that consumers want. In turn, this nascent marketplace is fueling our economic growth, creating new jobs, promoting competition and improving consumer choice.
 
“We look forward to participating more fully as the FTC continues to work with stakeholders and achieve a better understanding of these new and innovative economic models.”
About the Consumer Technology Assocation

The Consumer Electronics Association (CEA) is the technology trade association representing the $286 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative and regulatory advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also owns and produces CES – The Global Stage for Innovation. All profits from CES are reinvested into CEA’s industry services. Find CEA online at CE.org, InnovationMovement.com and through social media.    

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