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I get the sentiment for YC, but “not one” is pretty impossible. Airbnb reported a profit in 2017 and 2018. https://www.bloomberg.com/news/articles/2019-01-15/a
by yourcousinbilly 7y ago
I get the sentiment for YC, but “not one” is pretty impossible. Airbnb reported a profit in 2017 and 2018.
https://www.bloomberg.com/news/articles/2019-01-15/airbnb-says-it-made-a-profit-again-in-2018-as-ipo-looms-large https://www.bloomberg.com/news/articles/2019-01-15/airbnb-sa...
It did lose money in 2019, but because of preIPO marketing and advertising. Marketplaces have great network effects and profit margins, seems like a very viable self sustaining standalone company.
https://www.fastcompany.com/90418766/report-not-even-airbnb-can-turn-a-profit https://www.fastcompany.com/90418766/report-not-even-airbnb-...
- scarface74 7y ago“said it made money for a second straight year, based on a common measure that excludes some expenses” It’s like WeWork’s “Community Adjusted Ebitda” or Uber’s “we aren’t doing as bad as it looks as long as you exclude 13 different expenses.”