Airbnb raises $1B at $31B valuation, became profitable in 2016

Post by ant6n » Thu, Mar 09, 2017, 8:22 PM UTC

suresk wrote: post #81

Tloewald wrote: post #33

Earlier quoted context omitted.

The whole system of review curation that infests online markets is a problem waiting to be solved. Right now we basically have to parse reviews on the 4.4-5.0 scale because anything outside that is meaningless. It's amazing to go read a novel rated 3 stars (because it operates outside this loop) and find it transcendently good.

Is anyone trying to solve this right now? It seems like a really interesting problem that would be really useful to solve. It isn't just online, and it isn't just a technology problem. I recently bought a car and the manufacturer sent me a survey about the process. The salesman made sure, numerous times, to let me know that I'd be getting said survey and that anything less than a 10 meant he failed and that there wou…

Post by davedx » Thu, Mar 09, 2017, 8:37 PM UTC

kilroy123 wrote: post #15

I'm not surprised to see Airbnb became profitable. They've expanded everywhere. I nomad around and always use Airbnb, I've booked places on several continents. However, I'm definitely feeling the effects of their growing pains. For example, many people have bought places to only rent on Airbnb full-time. Most of these people suck at being an hotelier. It's clear people get lazy and are just trying to make money. Thin…

Post by [deleted] » Thu, Mar 09, 2017, 8:46 PM UTC

harryh wrote: post #35

beefman wrote: post #31

We haven't had a recession in 8 years, and the postwar average time between recessions is 6 years.[1] The stock market's overall PE ratio is well above average.[2] With Box and Snap, the market demonstrated it is starving for tech IPOs -- even if a company is losing money and entirely based on a millennial fad. So why in the name of sweet baby Jesus would investors, founders, or anyone else delay an IPO at this point…

Not an answer to your question but semi-relatedly Scott Sumner had a post this week where he predicts that recessions will be significantly rarer in the future. http://www.themoneyillusion.com/?p=32350 It's interesting to think about.

Post by necessity » Thu, Mar 09, 2017, 8:52 PM UTC

dragonwriter wrote: post #23

kilroy123 wrote: post #15

I'm not surprised to see Airbnb became profitable. They've expanded everywhere. I nomad around and always use Airbnb, I've booked places on several continents. However, I'm definitely feeling the effects of their growing pains. For example, many people have bought places to only rent on Airbnb full-time. Most of these people suck at being an hotelier. It's clear people get lazy and are just trying to make money. Thin…

> Unless, they fix this and get more people to review honestly. I think they're going to run into a lot of problems. I don't airBnB, but a friend who does was recently berated by a host after leaving a 4-star review; that host claimed (don't know how true this is) that many hosts will refuse to rent to you again if you leave anything but a 5-star review. That and other things I've seen and heard about airBnB reviews…

Post by ansgri » Thu, Mar 09, 2017, 9:00 PM UTC

nradov wrote: post #63

Tloewald wrote: post #33

Earlier quoted context omitted.

The whole system of review curation that infests online markets is a problem waiting to be solved. Right now we basically have to parse reviews on the 4.4-5.0 scale because anything outside that is meaningless. It's amazing to go read a novel rated 3 stars (because it operates outside this loop) and find it transcendently good.

Instead of asking customers to give numeric star ratings, perhaps a better option would be a short list of Yes / No / Unsure questions. Were there clean sheets on the bed? Were there any cockroaches? Did the appliances work? Etc. Such questions are more objective and less prone to inflation.