Baraza
  • Communities
  • Create Post
  • Create Community
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
@Dragxito@lemmy.world to Technology@lemmy.worldEnglish • 1 year ago

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

www.arktrek.shop

external-link
message-square
95
fedilink
495
external-link

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

www.arktrek.shop

@Dragxito@lemmy.world to Technology@lemmy.worldEnglish • 1 year ago
message-square
95
fedilink
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
  • @ILikeBoobies@lemmy.ca
    link
    fedilink
    English
    25•1 year ago

    Remember back before Airbnb when this was just a free thing called couch surfing?

    • @Tryptaminev@lemm.ee
      link
      fedilink
      English
      19•1 year ago

      i mean couch surfing is guest and host being there and interacting with each other.

      AirBnB is getting the flat for yourself for the time you rent it.

      • @Couldbealeotard@lemmy.world
        link
        fedilink
        English
        16•1 year ago

        A big part of Airbnb used to be spending time with a host. It has since turned into just landlord via app.

      • @Tripp1976@lemmy.world
        link
        fedilink
        English
        5•1 year ago

        That’s exactly how airBnB started though. Then they moved to renting out the whole place and now we are where we are.

    • @Potatos_are_not_friends@lemmy.world
      link
      fedilink
      English
      2•1 year ago

      Not really. Couch surfing was only for a certain type of person.

    • @TubularTittyFrog@lemmy.world
      link
      fedilink
      English
      -6•1 year ago

      why free when you can make money?

Technology@lemmy.world

!technology@lemmy.world

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !technology@lemmy.world

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


  • @L4s@lemmy.world
  • @autotldr@lemmings.world
  • @PipedLinkBot@feddit.rocks
  • @wikibot@lemmy.world
  • 3.45K users / day
  • 5K users / week
  • 9.93K users / month
  • 23.7K users / 6 months
  • 70.4K subscribers
  • 11.3K Posts
  • 257K Comments
  • Modlog
  • mods:
  • @L3s@lemmy.world
  • enu
  • Technopagan
  • L4sBot
  • BE: 0.19.3
  • Modlog
  • Instances
  • Docs
  • Code
  • join-lemmy.org