1. Comp 2. Less toxic as compared to others 3. Slow moving resulting in less pressure (in certain parts)
1. Hires less and only senior people. So no growth path for management and IC. 2. Extreme top down. Nothing happens without CEO's decision making 3. Bi-yearly launches which are better suited for hardware world than software. 4. Lot of super senior people in rest and vest mode.
Layoffs incoming https://www.theinformation.com/articles/airbnb-projects-revenue-could-fall-by-half-this-year
Due to Covid people spent lot of time in Airbnbs. If omicron puts an end to Covid, people will spend money on other things and activities. Will Airbnb lose out post spring/summer Thoughts on how Airbnb will grow ?
These are my understanding of company which are laying off 1. Airbnb- ppl dont travel so no booking no revenue 2. Grouon - ppl are not taking any service outside so no need of coupon 3. Yelp - no new reviews as no one is visiting new places If a company is dependent on people's visits / traveling...Read more
https://techcrunch.com/2020/05/05/citing-revenue-declines-airbnb-cuts-1900-jobs-or-around-25-of-its-global-workforce/
Prices dropped a lot, too many supply, Airbnb revenues dropped, etc. etc. #housing
Their 2020 revenue was 2.3B, which means a 50 P/S ratio. Their profit margin was 20%, so should be around 250 P/E ratio. I think it is kind of justified given that Bitcoin price has been skyrocketing in 2021, and companies like snowflake have a ridiculous 167 P/S ratio. I think Coinbase’s revenue s...Read more
Airbnb seems likes the only unicorn I see that can reach a $1 trillion marketcap. Rough numbers are $40b gross bookings $5b revenue $1b profit My reasoning is simple. Network effect and a likely monopoly. High margins. Travellers are going to spend more on airbnb than almost any other tech company...Read more
Yes I am jealous. Airbnb has ~4b revenue last year, and the growth rate is similar to Expedia’s growth rate in 2013 , when Expedia has 4.7b revenue(https://www.statista.com/statistics/269387/revenue-of-expedia/) Yes, it has better UI. But why 5x market value?
Had a side business with Airbnb. After the redesign it has killed my business. I was doing 8-12k in revenue a month with 7 apartments it honestly has went down to $300. That's all the reservations I received in the month of may. I had an 18 month track record going and before the change had 80% occu...Read more
Think about it. Twitter has 4b revenue. Airbnb etc have less. Wlamalrtlabs is 22b. It's the highest earning site after faang.
Just read through Airbnb earnings. It was amazing how Airbnb pull through the pandemic with 2021 Q3 revenue more than double that of precovid! I really appreciate Airbnb’s emphasis on improving experience for ‘hosts’. Other P2P(DD, Uber, Instacart) should start to learn from Airbnb and improve the (...Read more
How does everyone feel about the upcoming Airbnb IPO and core business? My take is that, at a 38B valuation, Airbnb is expensive and will fumble like the other companies that went public in 2019: 1. Reliance on regulations - Airbnb hasn't experienced this to the degree Uber / Lyft has, but it's de...Read more
Assume airbnb has massive negative revenue impact. Direct home bookings must be tanking and who wants to buy any goofy animal based experiences now. https://www.airbnb.com/s/experiences/animal
Lyft, Uber, Airbnb, and many more. Did they let go of engineers purely based on business unit? What happened to the strong engineers on unnecessary and non revenue generating teams?
Not trying to be salty and if anyone who works in these companies are rich on paper, my wishes you are able to hold onto real gains also. But reality is what we are witnessing right now is 1999 on steroids. Both Doordash and Airbnb have never made a dime. Doordash needed an entire lockdown for the...Read more
Curious on how people working at AirBnB think the company is doing and whether they enjoy working there? In particular, is there still a lot of potential for AirBnB to innovate? Create new streams of revenue? Separately, how is leadership? Promotions? Culture? TC: $134K
I’m interested in buying a home in India that can serve as a luxurious getaway for my family, and an Airbnb revenue stream when not occupied. Nice views, relaxing area, marketability are the main appeal. Where in India should I look?
I've heard some people say growth was flat at Airbnb but this would imply 65% yoy growth and ~45% growth over the next 3 years. Is this for real? Is experiences doing well? https://pitchbook.com/news/articles/airbnb-expects-28b-in-2017-revenue-85b-by-2020
Extraordinary earnings - revenue far exceeded expectations No layoff, but kept hiring Everyone is full remote, anywhere In 2023 onwards, people have more money to spend due to inflation. And after 2 years of Covid lock down, people will spend enormously on traveling. My friend who is a manager a...Read more