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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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How Airbnb screwed the US housing market and made $100 billion
www.arktrek.shop
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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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  • gravitas_deficiency@sh.itjust.works
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    1 year ago

    “accidentally” 🤦‍♂️

    It was - and is - entirely fucking intentional.

  • power@lemmy.blahaj.zone
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    1 year ago

    I feel like the US is far down on the victims list. Look how they massacred my boys Spain and Italy

    • kameecoding@lemmy.world
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      1 year ago

      Prague city center is basically just airbnb flats now

      • KrankyKong@lemmy.world
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        1 year ago

        Same in Nashville. It’s a shame. I wish the government would regulate this more.

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