4 ms·

It's weird that a web business with an actual revenue stream gets such a lot of flack for a high valuation. They aren't Facebook or Instagram, they are a monop

It's weird that a web business with an actual revenue stream gets such a lot of flack for a high valuation. They aren't Facebook or Instagram, they are a monopoly and will make stacks of cash. But does make me think there's a market big enough for a few smaller players here...

dylanjermiah 11y ago
>They aren't Facebook or Instagram, Facebook is different. Facebook actually had/has a ton of revenue. >they are a monopoly and will make stacks of cash Airbnb is not a monopoly, there is a lot of competition for space.
ThomPete 11y ago
Plenty of competition in that market. I have used 3 different services. Airbnb does not benefit from network effects the same way that facebook does.
cylinder 11y ago
A monopoly, are you kidding?
andy_ppp 11y ago
I disagree with the comments here; they are orders of magnitude bigger than their nearest competitor. And that difference will only get larger. I think Facebook will succeed through acquisitions in the future and you can think of facebook.com as not relevant for everyone under 20. There is very rarely a reason to go elsewhere unless you want a hostel or hotel. AirBnB the brand is a virtual monopoly, I think even the founder virtually confirms as much in his How to start a startup talk... here is the text and a link. Q: One more question, the question is, in this particular situation with Airbnb, a lot of people think it is not necessarily a technology company, but more of a marketing company. Brian Chesky: Good question. I will answer the question with a story. Alfred Lin: Let me preface that question with a series of questions. Do you today have propriety technology? Brian Chesky: Yes. Alfred Lin: Do you have a moat? Brian Chesky: Yes Alfred Lin: Do you have network effects? Brian Chesky: Yes. Alfred Lin: Do you have pricing power? Brian Chesky: Yes Alfred Lin: Do you have a good brand? Brian Chesky: I think so . Alfred Lin: Are you a monopoly? Brian Chesky: I am not going to answer that one <audience laughs> https://clip.mn/video/yt-RfWgVWGEuGE https://clip.mn/video/yt-RfWgVWGEuGE

dylanjermiah 11y ago

>They aren't Facebook or Instagram, Facebook is different. Facebook actually had/has a ton of revenue. >they are a monopoly and will make stacks of cash Airbnb is not a monopoly, there is a lot of competition for space.

ThomPete 11y ago

Plenty of competition in that market. I have used 3 different services. Airbnb does not benefit from network effects the same way that facebook does.

cylinder 11y ago

A monopoly, are you kidding?

andy_ppp 11y ago

I disagree with the comments here; they are orders of magnitude bigger than their nearest competitor. And that difference will only get larger. I think Facebook will succeed through acquisitions in the future and you can think of facebook.com as not relevant for everyone under 20. There is very rarely a reason to go elsewhere unless you want a hostel or hotel. AirBnB the brand is a virtual monopoly, I think even the founder virtually confirms as much in his How to start a startup talk... here is the text and a link. Q: One more question, the question is, in this particular situation with Airbnb, a lot of people think it is not necessarily a technology company, but more of a marketing company. Brian Chesky: Good question. I will answer the question with a story. Alfred Lin: Let me preface that question with a series of questions. Do you today have propriety technology? Brian Chesky: Yes. Alfred Lin: Do you have a moat? Brian Chesky: Yes Alfred Lin: Do you have network effects? Brian Chesky: Yes. Alfred Lin: Do you have pricing power? Brian Chesky: Yes Alfred Lin: Do you have a good brand? Brian Chesky: I think so . Alfred Lin: Are you a monopoly? Brian Chesky: I am not going to answer that one <audience laughs> https://clip.mn/video/yt-RfWgVWGEuGE https://clip.mn/video/yt-RfWgVWGEuGE