3 ms·
Isn’t this line of reasoning assuming Uber / AirBnB capture 100% of the market? I don’t think that’s a realistic assumption.
by timdiam 5y ago
Isn’t this line of reasoning assuming Uber / AirBnB capture 100% of the market? I don’t think that’s a realistic assumption.
- kragen 5y agoYes, more or less. AirBnB does have pretty close to 100% of some overnight lodging markets and are likely to take more, but they're a long way from having 100% of the market now; their revenues are only about US$5 billion a year. But I think the major threat to their business is not competition from the old guard with their trillion-dollar yearly revenues; they'll eat those guys' lunch, no problem. The real risk is that they'll be banned, like they are in New York, or soft-banned to favor local startups, like they are in China.