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@Dragxito@lemmy.world to Technology@lemmy.worldEnglish • 1 year ago

How Airbnb accidentally screwed the US housing market and made $100 billion

www.arktrek.shop

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How Airbnb accidentally screwed the US housing market and made $100 billion

www.arktrek.shop

@Dragxito@lemmy.world to Technology@lemmy.worldEnglish • 1 year ago
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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
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  • @ILikeBoobies@lemmy.ca
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    22•1 year ago

    Remember back before Airbnb when this was just a free thing called couch surfing?

    • @TubularTittyFrog@lemmy.world
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      -5•1 year ago

      why free when you can make money?

    • @Potatos_are_not_friends@lemmy.world
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      2•1 year ago

      Not really. Couch surfing was only for a certain type of person.

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