Earlier quoted context omitted.
>Also, as another member pointed out, Airbnb's performance marketing budget is still well over $200M/year, which no responsible/public company would spend if it wasn't returning a great ROAS That's not really an argument. You wish that a responsible/public company wouldn't do that but we have seen much dumber behavior.
Now I am curious - what are the examples of unprofitable performance marketing campaigns at that scale conducted by public companies?
https://www.forbes.com/sites/augustinefou/2021/01/02/when-bi...