Also: quit a few people wont be able to pax there rent or mortgages anymore. A few hosts i visited told that they do airbmb to afford to live in the citiy / pay the mortgage...
Airbnb’s loss nearly doubles in fourth quarter, before virus
191–200 of 224 posts
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#192One thing I don’t see mentioned here is the out of control compensation Airbnb has had for engineers. As an engineer I love to see companies pay more, but Airbnb has been beating Facebook offers when they really don’t need to. Companies like this are not rocket science. I get that the website is just the top of the iceberg, but all those massive stock grants and base salaries are going to haunt them.
Not all startups are the same, but for companies that are bottom driven and growing crazy, the skill, leadership, business sense, and amount of care needed at IC level is unfathomable for someone who works at a more traditionally managed company. If they skimp on salary it'll be extremely difficult to attract the kind of people they need.
Maybe, but my point was that Airbnb is not one of those companies. Everyone I’ve met working there says they do run of the mill web dev. Those same engineers are making in excess of 450k, and are barely 30. Airbnb got into some prestige employee game and hurt themselves doing it.
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#193I'll preface this by saying that AirBnb lies about its prices/night, and that really suck. Having said that, I really really don't understand the other criticisms against AirBnb here. I travel a lot, for leisure and work, and I constantly stay at AirBnbs and have been for years. Here is how it compares with hotels for me: * I usually can't remember any hotel room I've stayed at (unless it's the marina bay sands), whe…
While I agree with you, I remember my Airbnb stays for all the wrong reasons.
The pictures and description never matches what I find when I arrive and by that time, it's too late and Airbnb has rarely stepped in to help.
I know what I can expect at hotels, with Airbnb, I never fully know until I show up.
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#194One thing I don’t see mentioned here is the out of control compensation Airbnb has had for engineers. As an engineer I love to see companies pay more, but Airbnb has been beating Facebook offers when they really don’t need to. Companies like this are not rocket science. I get that the website is just the top of the iceberg, but all those massive stock grants and base salaries are going to haunt them.
They're beating Facebook offers with non-liquid stock. Tbd if they're really beating FB offers.
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#195One thing I don’t see mentioned here is the out of control compensation Airbnb has had for engineers. As an engineer I love to see companies pay more, but Airbnb has been beating Facebook offers when they really don’t need to. Companies like this are not rocket science. I get that the website is just the top of the iceberg, but all those massive stock grants and base salaries are going to haunt them.
They're beating Facebook offers with non-liquid stock. Tbd if they're really beating FB offers.
Sure but now there’s pressure for them to ipo because all of their employees have been stacking paper money for years. Just issuing massive grants doesn’t work forever, there are consequences once a company leaves the early stages.
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#196Earlier quoted context omitted.
This is exactly what’s terrible about Airbnb. A listing in a residential neighborhood creates negative externalities on that community.
That's a failure of urban planning, not Airbnb.
The city probably didn't plan that someone puts a hotel in the middle of a residential area. This is exactly why airbnb hosts tend to get into legal trouble in some countries.
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#197Earlier quoted context omitted.
I've gone back to using hotels given the cancellation policy of AirBnB is ridiculous. As we've seen these last days, plans need to be able to change and I don't mind paying a small premium for a cancellation-friendly hotel or serviced apartment.
Airbnb has a variety of different cancellation policies available to hosts. As a host, I use the strict one because I can’t always schedule a last minute cleaning, and I find that people who plan ahead and don’t need to change are more respectful guests.
For holidays booked without too much time ahead that's fine, but for work which is easily cancelled or postponed, it's impractical. I'd like to see a premium price offered with more flexibility on date changes.
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#198Earlier quoted context omitted.
> Not sure what you mean about lying about prices challenge accepted: https://imgur.com/gallery/6UeavrH * I've searched for 4 nights in SF some time in May * the second result is 99$/night * bill for 4 nights end up being 561$. 150$ magically appeared. That's a 40% increase at checkout time lol. Again I love AirBnB but this is scamy.
Your screenshot says "$492 total" which includes the cleaning and service fees. The service and cleaning fees are set by the host, and can be $0. Then it adds the California taxes on the checkout page. That is what hotels do too.
Indeed, but this is completely baffling to anyone in Europe. Simple example:
In the US, if I have $5 in my pocket, I can't go to a store and buy a thing that's listed as costing $5.00, because at the cash register some more money has magically appeared on the bill.
In Europe on the other hand, you pay at the register the exact amount that is on the price sticker.
And yes, I know the difference is due to taxes not being included in the sticker price, but why oh god why is it up to me to do weird math to figure out if I actually have enough $$$ to pay for what I'd like to have.
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#199Earlier quoted context omitted.
Your screenshot says "$492 total" which includes the cleaning and service fees. The service and cleaning fees are set by the host, and can be $0. Then it adds the California taxes on the checkout page. That is what hotels do too.
Indeed, but this is completely baffling to anyone in Europe. Simple example: In the US, if I have $5 in my pocket, I can't go to a store and buy a thing that's listed as costing $5.00, because at the cash register some more money has magically appeared on the bill. In Europe on the other hand, you pay at the register the exact amount that is on the price sticker. And yes, I know the difference is due to taxes not bei…
> why is it up to me to do weird math to figure out if I actually have enough $$$ to pay for what I'd like to have.
Well, one reason is: to make you aware of the tax burden (and judge if that % is kept at a reasonable level), rather than hiding it in the total price.
Re: Airbnb’s loss nearly doubles in fourth quarter, before virus
#200Earlier quoted context omitted.
Indeed, but this is completely baffling to anyone in Europe. Simple example: In the US, if I have $5 in my pocket, I can't go to a store and buy a thing that's listed as costing $5.00, because at the cash register some more money has magically appeared on the bill. In Europe on the other hand, you pay at the register the exact amount that is on the price sticker. And yes, I know the difference is due to taxes not bei…
> why is it up to me to do weird math to figure out if I actually have enough $$$ to pay for what I'd like to have. Well, one reason is: to make you aware of the tax burden (and judge if that % is kept at a reasonable level), rather than hiding it in the total price.
And why do I, as a customer, have to expend that effort to "be aware of the tax burden"?