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Re:Ahead of IPO, Airbnb achieves profitability for second ye... by gringoDan on Tuesday January 15, 2019 @05:04PM (#18915922)
Nothing prevents another company from doing that, but all of the hosts & guests are already on Airbnb. Two-sided marketplaces are very difficult to start, but once they have some momentum, it's even more difficult to unseat them.

Look at Craigslist - terrible UI, hundreds of startups have tried to challenge it in the past 15+ years, and yet it's still my go-to when I need to sell some old furniture.

Re:Ahead of IPO, Airbnb achieves profitability for second ye... by conanbatt on Tuesday January 15, 2019 @05:36PM (#18916261)
Craigslist has a fantastic moat: they are insanely operationally efficient. To make more money than craigslist at a lower cost is virtually impossible.

The real entrance cost to becoming a host in airbnb is not airbnb, its having a house. And a host will use airbnb or whatever to keep the appartment occupied. It can absolutely be commoditized, much like Lyft and Uber have. A service that posts your apt in multiple websites would make that permanent.

Today they must own the demand side: i have never seen something become so popular with no little ads (particularly in argentina, it was incredible to see it going from 0 to ubiquitous in 2 years). But demand on apartment rentals is incredibly price sensitive, demonstrated by the competition airlines have.

Re:Ahead of IPO, Airbnb achieves profitability for second ye... by asteli on Tuesday January 15, 2019 @05:44PM (#18916348)
I have friends who worked at Craigslist, and was astonished to hear them describe a team of IIRC 35-40 employees. They have somewhere around 50 now? Makes you wonder what those 3k+ employees at Twitter all do.
Re:Ahead of IPO, Airbnb achieves profitability for second ye... by gammateam on Tuesday January 15, 2019 @06:25PM (#18916722)
A lot of companies have an affinity towards jobs numbers, and derive benefits from the local municpality by being able to print job numbers

It simultaneously helps the organization’s tax efficiency and MAYBE something interesting gets developed

Re:Ahead of IPO, Airbnb achieves profitability for second ye... by samatman on Wednesday January 16, 2019 @12:44AM (#18918529)
While this doesn't explain all of the difference, Twitter tries, and largely succeeds, to distribute both Tweets and likes in mere seconds, all around the world, while maintaining a search that can find any string in relatively recent messages.

That this is a substantially harder mandate than that of Craigslist I take as a given.

Re:Ahead of IPO, Airbnb achieves profitability for second ye... by gfosco on Tuesday January 15, 2019 @06:38PM (#18916822)
Sales, Marketing, Partnerships, Content Moderation/Censorship.
Re:Ahead of IPO, Airbnb achieves profitability for second ye... by jaked89 on Tuesday January 15, 2019 @06:08PM (#18916573)
It's irrelevant how many sites you can use to list your apartment. What matters is which site guests use.
Re:Ahead of IPO, Airbnb achieves profitability for second ye... by 8ytecoder on Tuesday January 15, 2019 @06:26PM (#18916731)
Sure. Unless, let's say, a company that's already used by travelers to book travel options enters the space and/or syndicates the data to hotel search engines in addition to their own website. If I can find both hotels and apartments in hotels.com, why do you think I'd use airbnb? (Assuming apartment owners don't mind listing their space in multiple sites - which is a hard problem to solve but not an impossible one. It has less churn on the supply side compared to, let's say, Uber)
Re:Ahead of IPO, Airbnb achieves profitability for second ye... by cc439 on Tuesday January 15, 2019 @07:09PM (#18917065)
I'd argue that CL actually has a fantastic UI, it presents all the information you need, and nothing you don't, in a format that is quick to read. The only feature it's missing (or was missing the last time I needed it) is a map based list of housing for rent so you can simply filter out 90% of the listings that you'd never consider based on location anyways. That and a "prevent all Craigslist stereotypes from responding to my listing" button.
Re:Ahead of IPO, Airbnb achieves profitability for second ye... by atombender on Tuesday January 15, 2019 @07:29PM (#18917181)
But it's not about presenting information. It's a completely different experience.

AirBnB handholds the traveller from the moment they start looking to when they're going on the trip. CL just presents an ad, and lets the parties email/text on their own. AirBnB handles the financial transactions, with all that that entails, and CL does not. AirBnB facilitates the communication between the landlord and the customer. They also let you add on "experiences" as part of your trip. They also include an identity verification system for both landlords and consumers, and there's a review/rating system for both. It might not be perfect, but Craigslist has nothing like it. For example, I generally avoid renting places that don't have reviews, and landlords can choose to ignore/reject renters who have built up a bad reputation.

CL, on the other hand, has a reputation for being full of scammers and other shady people.

Re:Ahead of IPO, Airbnb achieves profitability for second ye... by jakevn on Tuesday January 15, 2019 @10:07PM (#18917941)
CL UX is great, as both a buyer and seller.

It _could_ introduce more barriers to reduce scammers, but that would come at a cost to both buyer and seller UX.

There is value in simplicity, and the market thus far agrees.

Craigslist is the anti-thesis to the hubris-fueled notion that technology can and should solve every problem, including dishonesty. I've not yet been scammed on Craigslist because I've built up a valuable skill in identifying scammers in general rather than relying on an imperfect system implemented differently on all marketplaces. In return, I do not get scammed as a _seller_, which is something most marketplaces seem to neglect.

More broadly, we often blame human nature on software implementations, as if there was a software solution to (all of) such without trade-offs.

Re:Ahead of IPO, Airbnb achieves profitability for second ye... by mikysco on Tuesday January 15, 2019 @11:56PM (#18918341)
Thank you for putting my thoughts into words. Couldn’t agree more. Think of the comfort CL users have after 10-15 years of the same workflows, the same UI, the same expectations. The skill of vetting scammers shouldn’t be understated and transcends CL.

When I log into a “modern” app today there’s almost always a new feature in my face or an old feature moved to a new location (or simply deprecated)

Re:Ahead of IPO, Airbnb achieves profitability for second ye... by fro0116 on Wednesday January 16, 2019 @06:46AM (#18920012)
Exactly. The kinds of transactions that take place by the thousands (just guessing, might be off by an order of magnitude or two?) on a daily basis on AirBnB, i.e. guests giving complete strangers money over the internet in advance to stay in their homes, and hosts inviting complete strangers over the internet into their homes in the first place, simply has no chance of ever becoming mainstream on a platform like Craigslist.

This is precisely because they're the kinds of transactions that most people would never even consider to take part in without first being able to establish a certain level of trust in the other party.

I think this is probably the biggest competitive advantage for AirBnB against challengers in the space. Bootstrapping a 2-sided marketplace is hard enough to begin with, but doing so while building up a network of trust among users so they can comfortably partake in transactions with a high trust-barrier is even harder.

Re:Ahead of IPO, Airbnb achieves profitability for second ye... by metz999 on Wednesday January 16, 2019 @05:26AM (#18919651)
Is it impossible to generate fake reviews, fake rental transactions, multiple accounts, etc. on air bnb?

The perception of safety could be more dangerous for some using air bnb as opposed to those on CL who are fully aware that there is no safety net nor hand-holding.

Re:Ahead of IPO, Airbnb achieves profitability for second ye... by EpicEng on Tuesday January 15, 2019 @07:40PM (#18917244)
>Look at Craigslist - terrible UI,

I love their UI. It's fast and does exactly what it needs to do, with the bonus that I don't have to download 12 js frameworks to look at a damn listing.

Re:Ahead of IPO, Airbnb achieves profitability for second ye... by bleu-ble-bleu22 on Tuesday January 15, 2019 @09:43PM (#18917857)
Here in Utah, Ksl.com does the majority of classified transactions. Craigslist was late to market and never caught on. Source: https://www.theatlantic.com/technology/archive/2017/04/ksl-c...
Re:Ahead of IPO, Airbnb achieves profitability for second ye... by nkrisc on Tuesday January 15, 2019 @05:53PM (#18916420)
I'm not arguing your point, but I think Craigslist's UI is very focused in scope and meets the expectations of its audience.
Re:Ahead of IPO, Airbnb achieves profitability for second ye... by polskibus on Tuesday January 15, 2019 @05:15PM (#18916046)
Moreover, booking.com existed long before Airbnb and is still going strong!
Re:Ahead of IPO, Airbnb achieves profitability for second ye... by fergie on Wednesday January 16, 2019 @04:56AM (#18919526)
Does it actually have a terrible UI though? The UI is certainly basic and dated, but its so usable and distinctive.

You could argue that Craiglist's brutalist aesthetic is its genius.

Re:Ahead of IPO, Airbnb achieves profitability for second ye... by dageshi on Wednesday January 16, 2019 @08:01AM (#18920406)
Big hotel booking sites like booking.com/agoda already have the customers and the world wide logistics for handling this stuff, I can see them becoming direct competitors to airbnb in this space.
Re:Ahead of IPO, Airbnb achieves profitability for second ye... by kwikiel on Tuesday January 15, 2019 @09:19PM (#18917756)
Re:Ahead of IPO, Airbnb achieves profitability for second ye... by shaklee3 on Tuesday January 15, 2019 @09:57PM (#18917908)
Many of the exact same properties are on VRBO.com already, so Airbnb doesn't even have a lock on their own properties.
Re:Ahead of IPO, Airbnb achieves profitability for second ye... by sjg007 on Tuesday January 15, 2019 @10:31PM (#18918026)
Curious.. why not facebook marketplace?
Re:Ahead of IPO, Airbnb achieves profitability for second ye... by paulie_a on Tuesday January 15, 2019 @11:55PM (#18918332)
Because it's Facebook. I know they are heavily spamming that feature but I have literally never seen anything on there of any value. It's a crappy feature that should go away.
Re:Ahead of IPO, Airbnb achieves profitability for second ye... by sjg007 on Wednesday January 16, 2019 @12:49AM (#18918556)
It works in my town. In fact it’s preffered.