Airbnb Swings to a Loss as Costs Climb Ahead of IPO

Re:Airbnb Swings to a Loss as Costs Climb Ahead of IPO by corporateslave5 on Wednesday February 12, 2020 @01:28AM (#22306406)

This is doom porn against air bnb. It’s a massively profitable website with very low capital requirements.

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Re:Airbnb Swings to a Loss as Costs Climb Ahead of IPO by hurricanetc on Wednesday February 12, 2020 @08:52AM (#22308790)

Those facts also make it a risky bet because it is easier for competitors to enter the market. Airbnb is only massively profitable because they have a dominant position but what will happen if that position starts to slip and they have to compete for listings? The surcharge is inevitably going to fall.

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Re:Airbnb Swings to a Loss as Costs Climb Ahead of IPO by aguyfromnb on Wednesday February 12, 2020 @10:12AM (#22309391)

>It’s a massively profitable website

Because they are externalizing the costs onto the hosts, many of whom are skirting liability obligations, heath and safety and zoning laws.

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Re:Airbnb Swings to a Loss as Costs Climb Ahead of IPO by xchaotic on Wednesday February 12, 2020 @05:19AM (#22307584)

Agreed but the competition is also well established.

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