Airbnb's success story stands out in stark contrast to the struggles of other startups. Unlike Zillow's disastrous attempt at house-flipping, Airbnb has flourished for over a decade. Their revenue skyrocketed, tripling from $3.3 billion to nearly $10 billion. Even more impressive, they flipped profitability, going from annual losses of $4-5 billion to earning the same staggering amount. Perhaps the strongest indicator of their dominance is their resilient stock price. Unlike the post-IPO crashes
    • Meltrax@lemmy.worldEnglish
      0·
      7 months ago

      Jesus. I can’t find an affordable apartment in Boston but “Blue grounds” is listing fucking 372 of them on Airbnb…

      EDIT: so Blueground is the biggest property holder in almost every city? Or one of the top 5 in the places it isn’t #1. What the hell?

      • kalpol@lemm.eeEnglish
        0·
        7 months ago

        There are whole 30 story apartment buildings which are managed and run like a hotel but with units purchased by owners for STRs. Crowd-sourced hotels. So might be that company managing a whole building.