21–30 of 174 posts
They want to get ahead of the negative news and avoid We work debacle. Unfortunately, 2020 is not a great year for IPOs with the impending recession.
Earlier quoted context omitted.
Airbnb was founded in 2008. My take is investors want to cash out before the upcoming recession.
Recession?
All the other features I don't even look at because I'm not interested in an 'adventure' given by some random guy with no professional experience.
Honestly surprised they haven't expanded at all within the stays experience.
PASS
Why all the recent IPOs?
Major cities have recognized the negative externalities that Airbnb has on rental vacancy and land values, and are starting to add on regulations of various strength. That will drag on growth.
The company gained its valuation from days past when people were buying new condos exclusively to rent 100% of the time on Airbnb, and cities are banning that sort of behaviour.
Seems like a good time to cash out. I don't know where the growth is going to come from at this point. Major cities have recognized the negative externalities that Airbnb has on rental vacancy and land values, and are starting to add on regulations of various strength. That will drag on growth. The company gained its valuation from days past when people were buying new condos exclusively to rent 100% of the time on A…
Earlier quoted context omitted.
Recession?
There are a non-trivial number of signs of a recession coming up this winter/2020. E.g. https://www.cnbc.com/2019/09/02/heres-a-list-of-recession-si...
I'm not very bullish on Airbnb, I used to practically live in Airbnb for over 3 years, but for the last 2 years I haven't even logged in and been only using booking.com.
I remember years back in London an Airbnb host that wasn't even the owner of the apartment but a tenant herself told me while moving in "tell everyone you're a friend, it's not allowed in this building but everyone's doing it"
Now landlords and building owners are catching up and most new developments are forbidding this contractually, while others do what they can to prevent their neighbours from letting to strangers.
I'm probably missing something, but I think the company is going down and they're pulling an exit scam.
What exactly is the roadmap for Airbnb? They stays feature seems to have maxed out in listings and declining now that random people are trying to manage 15+ listings in many cities. I often see the same listings on Booking for cheaper too. All the other features I don't even look at because I'm not interested in an 'adventure' given by some random guy with no professional experience. Honestly surprised they haven't e…
They're just normal professional hotels / hostels / BNB now
> 'adventure' given by some random guy with no professional experience.
The tour I went on was with actual professionals
Point being, Airbnb may be same feature wise, but the offerings have become more professional, which for me personally defeats the purpose of Airbnb.
Why all the recent IPOs?