It's not surprising at all. All of these review-driven P2P marketplace businesses end up with the same problem. After the initial phase of early adopters that offer generally high quality products, a flood of fake or low-quality listing tries to squeeze money out of the platform. These people are not listing their homes on Airbnb, they are trying to make a living by extracting as much money from the platform as they…
Does anyone have any thoughts about how marketplace operations could prevent this sort of race to the bottom rot? It does kind of feel like an inevitability these days and I wonder if there’s a real solution.
I suppose part of the problem is that the growth-at-all-costs mentality exists in conflict of quality-at-all-costs. Maybe the answer is just to stay small and niche, which enables quality control without scaling issues.