3 ms·
The valuation thing is silly, but there are many silly things around, so why just bother with that and not something else? But the fact that a company with ~ 5
by atmosx 12y ago
The valuation thing is silly, but there are many silly things around, so why just bother with that and not something else?
But the fact that a company with ~ 50 employees (not talking about AirBNB but generally about the IT sector) generates a revenue comparable to a company (in the 90s or 80s or 60s) with 500.000 employees is a very real problem. If the modern society doesn't make to overcome this somehow, I see dark times ahead.
- cma 12y agoAirbnb does have hundreds of thousands of hosts that are getting some of the revenue too. Looking at gross receipts double counts and doesn't make too much sense in sounding the alarmism.
- atmosx 12y ago> Airbnb does have hundreds of thousands of hosts [...] Not sure if we're in the same page here: An "AirBNB host" and an "employee" are not the same thing. If you think that they are, then the problem I was trying to describe is deeper than I thought.
- cma 12y agoMy point was you are looking at gross revenue, when they are really a booking agent, so they only get about 3% of that revenue after reimbursing hosts. Hosts do the cleaning, service, etc. that makes up the bulk of the 200,000 employee number for Marriott. If you want to compare net profit instead of gross revenue and say it is sick, I don't think the 200,000 employees would care, since their pay subtracts from Marriott's profit.