I am not saying that there is not a future for regular people renting out their excess accommodation capicity. I am saying that the $1.3bn valuation is based u

I am not saying that there is not a future for regular people renting out their excess accommodation capicity. I am saying that the $1.3bn valuation is based upon a serious misconception of the viability of the market and the extent to which Airbnb can build an unsullied brand. In short, this is not the clean, scalable industry they are trying to tell you it is, they are pulling a bait and switch, please see my other answers for a fuller explanation.