What is Air BnB?
Sham 69 wrote:
What is Air BnB?
'Remove the middleman' applied to tourist accommodation. The guy who founded it was a regular poster here who would often be called stupid by the trolls. Now he's a billionaire.
And a sub 15 5K pb.
How many shares are you going to buy, jamin?
oldschoollrc wrote:
How many shares are you going to buy, jamin?
His mom said he could buy 50 dollars worth
Sham 69 wrote:
What is Air BnB?
You make money by renting out other people's homes. You destroy the social fabric of neighborhoods while doing it and extract money out of the local economies. Quite similar to ueber and lift.
There is not much "sharing", it's all about making money out of nothing.
So yes, Peter Theil wants Jamin to buy AirBnB shares so he can sell his to him for a nice 10000% profit or whatever it is.
I'm not bullish on AirBnB. There's growing pushback against them in a lot of cities. Regulations or outright bans are going to stifle their growth.
Gordon Gekko wrote:
Sham 69 wrote:
What is Air BnB?
You make money by renting out other people's homes. You destroy the social fabric of neighborhoods while doing it and extract money out of the local economies. Quite similar to ueber and lift.
There is not much "sharing", it's all about making money out of nothing.
So yes, Peter Theil wants Jamin to buy AirBnB shares so he can sell his to him for a nice 10000% profit or whatever it is.
1) The social fabric of neighborhood has started to be "under threat" since way before Airbnb has been created.
2) You don't extract money out of the local economies, it's just that before a few players had all the shares (hotels), now it's distributed among more players.
jamin wrote:
I can't wait!
https://www.youtube.com/watch?v=TZBGiec6lw8&ab_channel=Santos
I think you have theory and probability confused with each other.
you should buy air bnb because he is insider trading
Gordon Gekko wrote:
Sham 69 wrote:
What is Air BnB?
You make money by renting out other people's homes. You destroy the social fabric of neighborhoods while doing it and extract money out of the local economies. Quite similar to ueber and lift.
There is not much "sharing", it's all about making money out of nothing.
So yes, Peter Theil wants Jamin to buy AirBnB shares so he can sell his to him for a nice 10000% profit or whatever it is.
AirBnB is great, but it's abused. There should be a law that says, if you rent out a property on AirBnB you must prove that you live in it for at least 1 month per year.
MatthewXCountry wrote:
Gordon Gekko wrote:
You make money by renting out other people's homes. You destroy the social fabric of neighborhoods while doing it and extract money out of the local economies. Quite similar to ueber and lift.
There is not much "sharing", it's all about making money out of nothing.
So yes, Peter Theil wants Jamin to buy AirBnB shares so he can sell his to him for a nice 10000% profit or whatever it is.
AirBnB is great, but it's abused. There should be a law that says, if you rent out a property on AirBnB you must prove that you live in it for at least 1 month per year.
Why?
TAA wrote:
I'm not bullish on AirBnB. There's growing pushback against them in a lot of cities. Regulations or outright bans are going to stifle their growth.
Based on the market environment right now I would not be surprised to see the stock go nuts initially after the IPO. Especially with the lack of IPO's recently, see what happened to snowflake. AirBnB is the type of pump and dump stock speculators love. That being said I agree with your assessment and am also bearish on them long-term. The pushback and regulations are a huge concern. Also, they have not shown a good level of profitability so far. I think the market has repeatedly shown over the past 3 decades to consistently overestimate the prospects of these hot techie type stocks and they get massive P/E ratios they never live up to. Amazon is a rare example of one that did massively gain in profitability although now its price is highly inflated again. But there are tons of examples of these stocks that went through the roof and then crashed back to reality after never achieving their lofty earning goals.
There is some push back:
https://www.nytimes.com/2020/10/25/world/europe/airbnb-lisbon-housing.htmlAs for investing, I am not really understanding what you are investing in.
This is not Toyota. There are no factories, knowledge or products. This is just a sleek app which connects homeowners with people who want to rent a place for a couple of days. This is nothing new. People are doing that for thousands of years.
The only difference now is that these Silicon valley "inventors" get a huge cut out of this without paying taxes into the local economy.
ralph polo wrote:
MatthewXCountry wrote:
AirBnB is great, but it's abused. There should be a law that says, if you rent out a property on AirBnB you must prove that you live in it for at least 1 month per year.
Why?
AirBNB (and Uber) largely exists because of people violating the law. You can't just buy a house and run it as a hotel in most cities. But to a large extent that is what AirBNB is these days. You might think those regulations are BS (and you are right) but it doesn't change the reality that the reason these places are price competitive is because they don't have to follow the law. These companies are trying the "Act First, get permission later" approach and hoping to get big enough to get the laws modified to accomidate them. Works great as long at the system doesn't start throughing CEO's in jail for 10 years for intentionally violating the law along the way.
Gordon Gekko wrote:
Sham 69 wrote:
What is Air BnB?
You make money by renting out other people's homes. You destroy the social fabric of neighborhoods while doing it and extract money out of the local economies. Quite similar to ueber and lift.
There is not much "sharing", it's all about making money out of nothing.
Leftists-to-English translation: They facilitate mutually voluntary transactions, and it offends the occasional nimby who thinks he has the right to decide what you do with your house and car.
Limousine Libertarian wrote:
Leftists-to-English translation: They facilitate mutually voluntary transactions, and it offends the occasional nimby who thinks he has the right to decide what you do with your house and car.
So you would have no problem with your neighbor running a day car facility, homeless shelter, assembly line, car detailing and repair shop, and so on out of their house? After all why should you have any right to decide what they do with their property?
adsfdasfasfsafadfa wrote:
Limousine Libertarian wrote:
Leftists-to-English translation: They facilitate mutually voluntary transactions, and it offends the occasional nimby who thinks he has the right to decide what you do with your house and car.
So you would have no problem with your neighbor running a day car facility, homeless shelter, assembly line, car detailing and repair shop, and so on out of their house? After all why should you have any right to decide what they do with their property?
I would not only tolerate but encourage that.
That ex-sub-elite runner who co-founded AirBnB was just here posting about being a billionaire. I smell a bit of hype here. I bet these initial buyers are gonna lose money.
He was not a co-founder...just an early employee (#9). But yeah, he's gotta be one of the richest ex-pro runners around...
Am I living in the twilight zone? The Boston Marathon weather was terrible!
Des Linden: "The entire sport" has changed since she first started running Boston.
Matt Choi was drinking beer halfway through the Boston Marathon
2024 College Track & Field Open Coaching Positions Discussion
Is there a rule against attaching a helium balloon to yourself while running a road race?