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@Dragxito@lemmy.world to Technology@lemmy.worldEnglish • 2 years ago

How Airbnb accidentally screwed the US housing market and made $100 billion

www.arktrek.shop

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How Airbnb accidentally screwed the US housing market and made $100 billion

www.arktrek.shop

@Dragxito@lemmy.world to Technology@lemmy.worldEnglish • 2 years ago
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Airbnb's success story stands out in stark contrast to the struggles of other startups. Unlike Zillow's disastrous attempt at house-flipping, Airbnb has flourished for over a decade. Their revenue skyrocketed, tripling from $3.3 billion to nearly $10 billion. Even more impressive, they flipped profitability, going from annual losses of $4-5 billion to earning the same staggering amount. Perhaps the strongest indicator of their dominance is their resilient stock price. Unlike the post-IPO crashes
  • @sugar_in_your_tea@sh.itjust.works
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    0•2 years ago

    Yes, bed and breakfasts rock, and I try to use them when I travel because the experience is way better.

    • @dugmeup@lemmy.world
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      0•2 years ago

      Don’t have bed and breakfast money. They are regularly more expensive and have less choices than Airbnb

      • @sugar_in_your_tea@sh.itjust.works
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        0•2 years ago

        The ones I’ve been to are comparable to a hotel and include a good breakfast. So yeah, a bit more than an Airbnb, but not that far off from Airbnb + good breakfast restaurant.

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