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From the article: > "The company has been spending heavily on marketing ahead of its public debut." Airbnb doesn't have _that_ big a problem with costs; not l
by tomhoward 7y ago
From the article:
> "The company has been spending heavily on marketing ahead of its public debut."
Airbnb doesn't have _that_ big a problem with costs; not like Uber, Wework, etc.
They were profitable in 2017 and 2018, and have been for most of their existence, unlike their fellow unicorns.
I also don't think staff is that big a cost for them; again, they're not like Uber, having to spend gazillions on both a huge on-the-ground workforce and bottomless-pit R&D for autonomous driving.
Unlike their unicorn peers, they're a fundamentally a very strong company, that has temporarily gone into deficit to accelerate growth leading up to their IPO, but they're still in good shape.
The coronavirus is an unexpected hit, but they'll fare much better than the rest of the travel industry.