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Airbnb S-1

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Re: Airbnb S-1

#71

Post by whymauri »

zucked wrote: post #64
seattle_spring wrote: post #10

Excited to learn more about the specifics. Really hoping people don't flood this thread with their anecdotal bad Airbnb experiences ("I paid below market rate this one time 6 years ago and got a crappy host, therefore this company is going to fail!"), which seems to happen every-time someone mentions their name.

The experiences that people report often indicate systemic issues within the platform/product, especially when they are as pervasive as some on the AirBnB platform are.* I wouldn't be so quick to dismiss them. * I've had two shit hosts that left me up a creek scrambling to find housing, as has my S/O. As a consumer, I am way less likely to use the platform now because my experience has shown me that AirBnB either doe…

I... disagree? Hard numbers showing high rates of these interactions would be a systemic thread. The loudest voices on the Internet, not so much.

Re: Airbnb S-1

#72

Post by godelmachine »

>>the board of directors reduced Mr. Chesky’s base salary from $110,000 to $1, set his target bonus at $0, and granted him a long-term, multi-year equity award comprised of 12,000,000 RSUs (the “Multi-Year Award”).

Its quite surprising that CEO of Airbnb should make just $110k/ annum in base salary before the company goes public. I would expect it to be around $500k.

Re: Airbnb S-1

#73

Post by pembrook »

seattle_spring wrote: post #10

Excited to learn more about the specifics. Really hoping people don't flood this thread with their anecdotal bad Airbnb experiences ("I paid below market rate this one time 6 years ago and got a crappy host, therefore this company is going to fail!"), which seems to happen every-time someone mentions their name.

Ironically, every response to your comment seems to be this exact kind of anecdata.

Re: Airbnb S-1

#74

Post by kirillzubovsky »

It is probably early to congratulate the founders and the team, but as someone who started using Airbnb before they were cool, and having watched the company grow, it is very joyful to see they are finally going public. Hopefully it's just up and to the right even more from here onwards. Good luck!

Re: Airbnb S-1

#75

Post by darkwizard42 »

tannhauser23 wrote: post #30

They lost $600 mil in _2019_? And $700 mil so far this year? Woah.

To be fair the loss in 2019 is largely attributed to the drastic increase in marketing spend, but also their increase in product development cost line item. Neither of those increases led to a significant increase in revenue though.

Makes me wonder what the 2020 story would have been without COVID.

Personal bias makes me think Airbnb is here to stay and the marketing spend can definitely be cut back. The timeline to revenue growing back against their costs is probably 2 years with this pandemic though and that hurts anyone who is looking to invest and hold.

Re: Airbnb S-1

#76

Post by equon_ »

seattle_spring wrote: post #10

Excited to learn more about the specifics. Really hoping people don't flood this thread with their anecdotal bad Airbnb experiences ("I paid below market rate this one time 6 years ago and got a crappy host, therefore this company is going to fail!"), which seems to happen every-time someone mentions their name.

The way they are currently treating guests in France (and probably in others European countries) due to the 2nd lockdown is a disaster.

Re: Airbnb S-1

#77

Post by tallgiraffe »

godelmachine wrote: post #72

>> the board of directors reduced Mr. Chesky’s base salary from $110,000 to $1, set his target bonus at $0, and granted him a long-term, multi-year equity award comprised of 12,000,000 RSUs (the “Multi-Year Award”). Its quite surprising that CEO of Airbnb should make just $110k/ annum in base salary before the company goes public. I would expect it to be around $500k.

He's got a place to live, and food to eat, and he spends 200% of his time at work. At that point money is really just a thing that idles in the bank.

Re: Airbnb S-1

#78

Post by johnfn »

lotophage wrote: post #61
johnfn wrote: post #55

Earlier quoted context omitted.

Got punched in the face outside of an Airbnb once and left immediately. Host charged me for damages including blood on the towel because I got punched. Airbnb sided with the host.

Was it the host's fault that you got punched?

Did I say it was?

It is the host's fault for charging me damages outside of my control. It is also Airbnb's fault for refusing to take a side.

Re: Airbnb S-1

#79

Post by iratewizard »

iends wrote: post #48
seattle_spring wrote: post #10

Excited to learn more about the specifics. Really hoping people don't flood this thread with their anecdotal bad Airbnb experiences ("I paid below market rate this one time 6 years ago and got a crappy host, therefore this company is going to fail!"), which seems to happen every-time someone mentions their name.

The company will do great, I'm sure. airbnb sides too much with the host in my experience. When a host left me and my family in an unsafe environment due to a gas leak, airbnb was impossible to work with. It took months of escalation with airbnb to get things fixed, despite providing all the documentation required the same day that I didn't stay at the property and had to book a last minute hotel at increased cost. :…

We run multiple vacation rentals through airbnb and others. AirBNB does not side with the host more often. It prefers to do nothing.

We had drug dealers moving product from one. We told airbnb not to contact the guests. They contact them anyways trying to "resolve" the situation.

Every time guests break rules like smoking that have clearly posted fees, airbnb says they can't help. Even when the guests admit to it.

When we needed to call CPS on morons endangering their one year old, we were not able to get the guests information to give to the police.

Their support will straight up lie to you to resolve cases faster.

Re: Airbnb S-1

#80

Post by ToFundorNot »

H8crilA wrote: post #34

It is so frustrating with all those recent tech startups how much they're spending on sales and marketing: https://www.sec.gov/Archives/edgar/data/1559720/000119312520... How does one figure whether the business will keep growing without blasting people's faces with ads? If so much spend on ads is required to generate revenue growth then there will either never be profits or the revenue growth will stall (and thus th…

Incidentally, half of those companies you've mentioned are in the top 50 spenders for marketing [1]. I'd hazard to say that they are all in the top 100 in global spend.

[1] https://howmuch.net/articles/worlds-top-50-biggest-advertisi...

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