Airbnb found a crazy niche wherein properties can return crazy good profits. Many of which may not have had any profits. Users could find places to stay at chea

Airbnb found a crazy niche wherein properties can return crazy good profits. Many of which may not have had any profits. Users could find places to stay at cheaper rates than hotels. But then they collided with the people who wreck the place. Partiers, neglectful, and malicious. So they had to figure out that cost. Which when they did, they found themselves more expensive than hotels. Hotels had already figured this cost out. The apparent value of airbnb is suddenly 0; or at least far less than current. They are -50% from ipo peak, and are at 40 PE ratio. They will be -75 to 90% peak soon. Then again what tech stocks dont have similar numbers?