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Airbnb S-1

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281–290 of 471 posts

Re: Airbnb S-1

#281

Earlier quoted context omitted.

I don’t see why that’s a hard problem. If hotels can register their guests automatically with the police as required, then why not AirBnB?

I just finished staying in an airbnb for a month in China and didn't have to go to the cop shop. I've now just rented an apartment and did the registration no issues, they didn't highlight any gaps on my travel record so I assume it was all above board.

According to the law, you have to register with the local authorities. Technically a law was broken, unlikely it will be used against you unless they make it a prerogative.

Re: Airbnb S-1

#282

Earlier quoted context omitted.

Does the Netherlands have a rule that you register with the local public security bureau for wherever you are staying? I really don't see AirBnB working in China because of that.

Small, family run hostels in China manage to figure it out. AirBnBs in middle income countries operate much more like hotels than the empty apartments they're known for in the US and Europe.

They do, the owner or someone with “works here” goes down to the station to register them; if they are a hotel they’ll be able to fax/scan it to the PSB. It isn’t self service.

Re: Airbnb S-1

#283

> Mr. Stephenson’s offer letter provides for an initial base salary of $600,000, an initial target bonus of 75% of his base salary, and a one-time hiring bonus in the aggregate amount of $2,400,000 While I've received signing bonuses in the past, I was not aware that you could get a signing bonus that was 4x of your base salary.

Don't forget the $4m exit package.

Re: Airbnb S-1

#284

Earlier quoted context omitted.

This seems incredibly dangerous as visitors on a tourist visa are required to register themselves with the local police within 24 hours of arriving at their destination. Trying to stay under the radar seems like it courts risk of deportation, as I've known _lots_ of folks who got a visit from police at their place of stay who were not aware of this. Virtually all of them settled things fine but it was more headache t…

This is why I always stay in a hotel and not with friends or Airbnbs whenever I visit China. I'm not bothered to deal with registration and the hotel takes care of it.

What most tourists don't know is that the hotel has to be registered to accept foreigners. I don't know if it's an issue any longer, but some foreigners found out the hard way after booking accommodations through Ctrip.

Re: Airbnb S-1

#285

Earlier quoted context omitted.

I would suggest the following: * a car company makes cars that it sells to consumers or other businesses * a tortilla company makes tortillas that it sells to consumers or other businesses * a chip fabrication company makes chips that it ... ... you see where I'm going with this? * a tech company is a company that makes technology that it sells to consumers and other businesses. Amazon is a tech company, but only bec…

All companies are "tech-dependent companies." This is an intellectual dead end. Traditionally, the business world has qualified tech companies as those which primarily function via zero marginal cost distribution provided by software and the internet. If Airbnb and Ebay aren't tech companies, then neither are Google and Facebook. All four are marketplaces (Google and Facebook are advertising marketplaces at their cor…

I don’t think that definition is right. Nobody will argue that Apple isn’t a tech company, and the iPhone isn’t zero-marginal-cost.

Re: Airbnb S-1

#286
post #123

Earlier quoted context omitted.

Who's the other one? Microsoft?

Apple. Tesla too, if you're willing to stretch definitions a bit.

There are a few others beyond Microsoft and Apple.

Intel has made a huge amount of money from China.

Google's Android positioning in China has made it a lot of money as a defensive position for the rest of Asia. By conquering China with Android, it delayed the inevitability of China having their own domestic dominant mobile OS (which will push into other countries in Asia as well at least, harming Android elsewhere).

And while not in China, Facebook makes a lot of money from China.

Re: Airbnb S-1

#287

> Mr. Stephenson’s offer letter provides for an initial base salary of $600,000, an initial target bonus of 75% of his base salary, and a one-time hiring bonus in the aggregate amount of $2,400,000 While I've received signing bonuses in the past, I was not aware that you could get a signing bonus that was 4x of your base salary.

To quote the PR from the time:

> Dave joins Airbnb from a 17-year career at Amazon, where he was most recently Vice President and CFO of their Worldwide Consumer Organization, which is responsible for all of Amazon’s global website sales including Amazon Prime and subsidiaries such as Whole Foods and Zappos.

For someone like that, you pay whatever you need to pay.

Re: Airbnb S-1

#288

Earlier quoted context omitted.

Q2 saw all travels being cancelled due to lockdown across the world. It's surprising the activity bounced back this quick, back to normal in Q3.

Widespread supposition is that AirBnB does better than hotels lately because: 1) when people do travel, they'd rather be at a single apartment or cabin than a many-person hotel (not saying that's well-founded, just that it's a widespread opinion) 2) some people who are now remote working decided that if they couldn't do anything in this city, they would live elsewhere for a little while. I have, however, no hard data…

It's the same reason home sales are strong right now -- when you spend almost all your time at home, space is nice to have, especially for people with children. Not sharing walls with neighbors is also nice.

I'd bet that an AirBnb is normally a bit cheaper than a hotel suite with multiple rooms and a real kitchen.

Re: Airbnb S-1

#289

Earlier quoted context omitted.

> ”your hotel registers you online so that you don't have to deal with this” If a hotel can do it, surely there’s no reason why Airbnb can’t figure it out?

I rented a number of Airbnb apartments in different countries, many of which required guests to be registered with the police. Typically the owner would meet me when checking-in, and they'd take a copy of my passport or drivers license, and occasionally I'd have to fill out a form with a few basic pieces of information (name, date of birth, etc) for them to submit. It was usually 2 minutes of work. The downside was i…

I had to do this at an AirBnB in Cuba. It seemed like a lot of work for the owners. I was also a little nervous about taking photos of passports and things before I understood it's a government process. The platform should help out here.

Re: Airbnb S-1

#290
post #167

Earlier quoted context omitted.

That would almost completely rule out people renting out a room in their home

Considering they’re borrowing at 10%, they could pay good interest on that money and both sides would come out ahead. https://www.businessinsider.com/airbnb-paying-10-percent-int...

That story happened when both the company and financial markets in general were in the dumps. As you can see from the headline, times have changed.
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