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 at Airbnb just bought a big house in Bay Area. He said he is hiring in 2023.
> People have more money to spend due to inflation What you smoking on Christmas Eve? I need that shit….
jerome powell's brand of hard kombucha
Airbnb is the worst model. Evry other home is becoming an airbnb. Their fees make hotel Saint. Airbnb/ uber/ doordash kind services will fail in long and people will go back to traditional models
However, their revenue far exceeded expectations. Look at their earnings
Wait for a quarter or 2 reality will paint itself. Do not judge by 1 or 2 quarters.
They also fucked up rents in most cities …
True!
You mean city regulations did
I’m not sure if “no layoffs” tells the whole story. Airbnb laid off 25% of the company in May 2020. Many of the recent layoffs were to offset hiring surges over the last 2 years. https://www.cnbc.com/2020/05/05/airbnb-to-lay-off-nearly-1900-people-25percent-of-company.html
I mean no layoff in 2022
My wife’s husband who works at AirBnB bought a mansion in Pac heights. AirBnB to the mun
Ipo was very successful unlike Ubers 😭
My wife's husband?
Because those people actually work and not gossiping here on blind
Based off pulse it’s pretty chill work life balance wise no?
So Amazon, you mean that you don’t work?
Airbnb is 50 basis points away from mass layoffs
Airbnb needs to be banned. It is contributing to the housing crisis.
They spent a lot of $ to lobby
On the flip side, they are keeping hotel prices in check. Otherwise the hotel which costs 400/night will be at 600/night
Sorry didnt ABNB IPO close to $130 and is trading at $85? In what world is it a successful IPO?
I think it was priced much lower initially though
Who cares though if it’s trading below the IPO?
Most layoffs are coming next year