I'm not convinced by these claims: > While Airbnb’s accounting suggests that its revenue has minimal marginal costs, a holistic view of Airbnb’s market shows th

I'm not convinced by these claims: > While Airbnb’s accounting suggests that its revenue has minimal marginal costs, a holistic view of Airbnb’s market shows that the company effectively pays hosts 86 percent of total revenue. You could make the same statement about a payment processor (with 1% fees it would "effectively" pay users 99% of revenue) but I think in both cases the company has zero marginal costs in the sense that it can scale to additional revenue pretty much for free, in comparison with say a factory that has to hire new workers and buy more raw materials to get more revenue.