• Airbnb stock tumbled 14% in one day after the company predicted slowing demand.
  • Some former Airbnb diehards say they now prefer the consistency of hotels.
  • Airbnb said it might increase travelers’ ability to book hotel rooms through Airbnb.
  • Neuromancer@lemm.ee
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    2 months ago

    The original model I liked. You have an adu? Rent it for spare cash. Rent a spare room. Etc. it didn’t impact supply and let a lot of people earn a little cash. It wasn’t a business. It was an accessory. Now it’s a business.

    • Avid Amoeba@lemmy.ca
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      2 months ago

      The thing is, it was never the original model. It was what was marketed at us. The model was always dumping to monopolize the market. Perhaps the original software nerds didn’t have that in mind but the moment MBAs came along to “help them grow” the program was to win Monopoly in that market. And that was very early on since VCs were involved nearly from the get go in most of those cases. The original idea as you describe it ends at the singing of the VC contract.

      PS: Software nerd myself that used to drink the Koolaid, now a very senior, jaded software nerd.