What happened to Airbnb… Just doesn’t work
Kendall Gabriel
Stealth
2 months ago
Hotel booking increased in last 6 months, Airbnb revenue is going down
Also you are checking for 5Y, which include Covid years. That's fucked up data to analyse
Jordon Olive
Stealth
2 months ago
Agreed. Also, It was listed at a massive premium. Shares doubled on listing.
And that's the only gains it has to show for itself.
Weak guidance + Founder selling shares + ESOP dilution + Overindexation on DEI & ESG vs shareholder wealth creation.
It has become more expensive to stay at AirBnb these days. People are preferring hotels over it.
Saying this in global context.
There’s also short term rental laws passed in US earlier this year, which also puts dents in AirBnBs business.
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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...
https://www.arktrek.shop/post/how-airbnb-accidentally-screwed-the-us-housing-market-and-made-100-billion