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
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
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.