Airbnb's success story stands out in stark contrast to the struggles of other startups. Unlike Zillow's disastrous attempt at house-flipping, Airbnb has flourished for over a decade. Their revenue skyrocketed, tripling from $3.3 billion to nearly $10 billion. Even more impressive, they flipped profitability, going from annual losses of $4-5 billion to earning the same staggering amount. Perhaps the strongest indicator of their dominance is their resilient stock price. Unlike the post-IPO crashes
  • Crack0n7uesday@lemmy.worldEnglish
    341·
    8 months ago

    I can’t believe people trust others enough to rent their house out like a hotel. I’ve already seen so many problems from this I can’t believe it’s still legal. My neighbor moved and they turned it into an AirBnB, some kids threw a party and left some trash out that poisoned my other neighbors dog. There’s a lawsuit, but the dog is still fucking dead.

    • technocrit@lemmy.dbzer0.comEnglish
      281·
      8 months ago

      I don’t know if I’ve ever been in an airbnb that’s actually somebody’s house. It seems like they’re mostly “investment properties” that people rent out. I’m sure that’s great for housing. \s

      • erwan@lemmy.mlEnglish
        5·
        8 months ago

        It started this way tho, people renting a room or a couch in their home. Pretty quickly it became either full units or rooms in a share appartement with other AirBnB guests.

    • Aermis@lemmy.worldEnglish
      62·
      8 months ago

      What does some kids leaving trash out have to do with air bnb?

      Edit: didn’t read about how Airbnb insured property damage. But still, it’s hard to be responsible for the actions of others.