The one I don’t understand is Airbnb. How can they possibly still be losing money? Unlike Uber, they’ve never subsided the product.
The host sets pricing. Airbnb charges guests appx 14% on top of that. The host pays 3% for credit card processing, so Airbnb even makes a couple bucks there. And for that, they maintain a website and have a bunch of (but not nearly enough) customer service reps, mostly offshore.
They’re basically running a hotel, except with none of the overhead & maintenance and probably higher gross margins. Where the hell is all the money going?
