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Airbnb stock craters as co-founders lose $3B in one day (forbes.com.au)
6 points by voisin on May 11, 2023 | hide | past | favorite | 2 comments


It is good to see as a consumer that AirBnB is going back to its roots and working in the “rooms” feature. The platform got greedy and went full speed to try and replace hotel rooms with similar or higher prices and additional (uncertain) chores like cleaning. It was only a matter of time people realised this and changing preferences again(in favour of hotels). Atleast I did.

Also the regulations around the world targeting those landlords that take a property off the rental market to make airbnbs doesn’t quite help.


There are regulations but from what I can tell barely any enforcement.




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