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This is doom porn against air bnb. It’s a massively profitable website with very low capital requirements.
by corporateslave5 7y ago
This is doom porn against air bnb. It’s a massively profitable website with very low capital requirements.
- xchaotic 7y agoAgreed but the competition is also well established.
- hurricanetc 7y agoThose facts also make it a risky bet because it is easier for competitors to enter the market. Airbnb is only massively profitable because they have a dominant position but what will happen if that position starts to slip and they have to compete for listings? The surcharge is inevitably going to fall.
- aguyfromnb 7y ago>It’s a massively profitable website Because they are externalizing the costs onto the hosts, many of whom are skirting liability obligations, heath and safety and zoning laws.