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 (Driver, fulfillment) side. Ask your self this question. Which one of this product are you willing to be both the customer and the driver(host)? It is Airbnb… #tech #airbnb FYI my P2P portfolio 100k Uber 50k airbnb 30k Doordash 1 mil instacart unvested paper money
Immoral company driving up the COL in many cities (Yes Amazon is immoral too)
As soon as I saw 800M in profits in 1 freaking quarter, bought the stonk. I believe this is a trillion dollar company in the making by 2025.
Congrats OP. Clawback of instacart is worrying factor? 🤔
Debating diversifying
You are sitting on a goldmine. You’ll regret so hard when it hits 1500/share as much lunatic as it may sound now.
Same but diversification is a must .
You hit 🎯 with comment on which of these products you want to be on both sides. Like founders, there are tons of employees who are hosts as well. Company deeply cares about hosts. Actually much more about hosts than guests as they are opening up their homes and willing to trust . It sucks to see other P2P doesn't treat people right and consider them as just part of a transaction. Others are just waiting for autonomous cars to come so they can let go of drivers. Pity. You gotta win people's trust and loyalty otherwise market is too competitive to survive and have great margins. I am sure we have made tons of mistakes too but company in general is willing to do right by the users and community.
What’s stopping you folks from automation of hosting. Think like amazon of sellers once you make it easy enough, trillion dollars are not far enough.
Becoming a marketplace is the goal we have from past few years but no execution yet. Specially last year we had to cut lot of projects when our business dropped 80 %. So we only did focused projects. I guess we will eventually do start marketplace. Automation in hosting is incremental. We are already doing small things like auto lock/unlock, remote check-in , wifi details in your Airbnb reservation details etc. Those are more to help guests and hosts check-in easily or improving their experience. Founders would never want to remove human element from hosting though .
The speed at which host ecosystem is increasing is also amazing. So many people are now buying places to make airbnb instead of conventional rental income.
Buying more Airbnb stocks 😜
What do people think ABNB's market cap will be in the future? (5-8 year horizon).
$1T
1T
That doesn't impact Airbnb negatively. In a recession, more people wants to become a host. Airbnb started during 2008 recession Isn't positive either because less people wants to travel
Many others praying like you for a real estate crash that means it’s not gonna happen. Any dip will be bought.
I am up 30% on this bet. Thanks abnb. 🙂