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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

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

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

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What happened to Airbnb… Just doesn’t work

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- Airbnb CEO Brian Chesky announced plans to expand into new products and services, including co-hosting and relaunching 'experiences'.
- The company aims to grow its revenue by offering more than just short-term vacation rentals.
- Co-hosting will connect homeowners who lack time to manage listings with those who have time but no property to offer.
- 'Experiences' will be relaunched next year, focusing on affordability and uniqueness, including ideas like personal chefs and massages.
- The expansion comes amid a weak Q2 for Airbnb, with profits falling 15% and stock dropping over 16% in after-market trading. 

 Source: [Techcrunch](https://techcrunch.com/2024/08/06/airbnb-details-plans-to-expand-beyond-short-term-rentals-including-co-hosting-and-relaunching-experiences/)

Airbnb Plans Expansion Beyond Short-Term Rentals

Journalist

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Do y’all agree with this take?

- Airbnb stock dropped 14% after predicting slowing demand, with travelers preferring hotels for consistency.
- Duane Brown, a former Airbnb enthusiast, now chooses hotels due to disappointing experiences with short-term rentals.
- Airbnb's projected Q3 earnings fell below expectations, signaling waning customer demand and shorter booking lead times.
- The cost gap between hotels and Airbnbs has narrowed, making hotels more appealing for budget-conscious travelers.
- CEO Brian Chesky hinted at expanding hotel room offerings and adding hotel-like extras to Airbnb stays. 

 Source: [Business Insider](https://www.businessinsider.in/thelife/news/airbnbs-struggles-go-beyond-people-spending-less-theyre-losing-some-travelers-to-hotels-/articleshow/112495578.cms)

Airbnb Faces Challenges as Travelers Opt for Hotels

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Heard from a friend that about 40 to 50% workforce to be fired. Saw some post on Linkedin from product and tech folks working at oyo with open to work tag. 

Irony is Airbnb had the best quarter ever.

Massive layoff at oyo

Product Owner

tinder for flat and flatmates, owner put out houses, if you both like each other's profiles then you meet and finalize the house.

[Idea-10] Who would like to build this ?

If I was a flat owner, I wouldn’t care what other person looks like OR has an aura OR blah blah blah until he signs the deed and gets me rent on every 1st. 
  
 I don’t have to like my tenant 🧟‍♂️

Program Manager

Senior Software Engineer

Do you guys agree with the list? Anymore candidates

Dead 11

Oyo was the only Indian startup who had defined a  India specific problem, had a solution and had money to scale. What went wrong? What a pity. 
  
 In comparison Airbnb made it big...

Software Engineer

Project Manager

How did Airbnb scale-up in other countries ?

People laughed at me when I asked for decent living spaces below 10k at these locations. It took 2 days, i went for a walk in the streets of Koramangala and HSR layout. And found multiple 1rk's less than 8k and multiple 1bhk's less than 12k. There are a lot of furnished 1bhk apartments with rent ranging from 15k to 18k. To all the people who are new to Bangalore, don't fall prey for hefty rents, do roam in and around the surroundings.. you will find good places within the budget. Surprisingly there are plenty of vacant spaces and soon the prices will come down.

Reality of rents in HSR/Koramangala/Madiwala

Category Manager

Short rant - I stay in HSR layout , my housemate told me to find a place to stay since he would be getting his wife here ( he gave me ample time to search) , I found an uncle in the same building who offered to sublet his house to stay alongside his son , it was all peace and mutually understood to split any expenses. I was all good and happy , got the room painted and shifted all my belongings. 2 days later , this uncle straight up came up to me and said I have to vacate the place asap , owner is creating a fuss ,I asked him for the owners contact , he denied outright , and kept giving reasons. He now expects me to leave me home within a week ( how tf am I supposed to find a place within a week, my parents got involved and spoke to the uncle but no avail , he's been verbally abusive and illogical) 
Never trust people here , always have things in writing , you never know who turns out to be a snake. ( My sheer naivety has made me suffer now),be extremely careful out there!

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

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