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The second order effects are catastrophic too. Think of all the companies that built their entire business model around helping airbnb owners manage their book
by treebornfrog 6y ago
The second order effects are catastrophic too.
Think of all the companies that built their entire business model around helping airbnb owners manage their bookings / rental
For examples,hostmaker, which was heavily advertising in London (transport mainly) has gone bankrupt (1). They raised ~24M (2)
(1) https://hostmaker.com/gb/london/ https://hostmaker.com/gb/london/
(2) https://angel.co/company/hostmaker/funding https://angel.co/company/hostmaker/funding
- chupy 6y agoDo you think we should also start donating to them?
- treebornfrog 6y agoNot at all, just adding to the fact that 1) hosts were leveraged and are hurting. 2) entire companies are going bankrupt because their model is based mainly on airbnb demand.