The idea Airbnb is a "Tech Company" is ludicrous, it's a website you are able to upload photos to and put your location into, and that others can browse. It's technology that was routinely available in 1995! I love the company, the idea, the brand, I like the ethos, but I'm really not convinced by any of the fundemantals behind it, and why it fails to make any profit despite hefty fee's. Hard to see why it has defendable moat. Hard to see what it actually "has" or why it can grow much. More than anything it's largely based on breaking laws, avoiding health and safety requirements, shunning local tax requirements and putting all responsibility on hosts. We mock the dot com crash because "all you had to have was a website" to be valued like a tech company and it seems we're in the same maddness.
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