It is funny to even read that, as AirBnb became popular because it was cheaper and more comfortable (yay, kitchen!). And now it’s cheaper to rent from greedy corporate moguls
Honest question, what were they subsidizing? Were they previously charging no or little costs to people hosting? I understand what the delivery and Uber like companies were subsidizing, just not familiar with AirBNB.
toofpic@lemmy.world 1 year ago
It is funny to even read that, as AirBnb became popular because it was cheaper and more comfortable (yay, kitchen!). And now it’s cheaper to rent from greedy corporate moguls
ChrisLicht@lemm.ee 1 year ago
Life is grand during the VC subsidization stage of a company’s lifecycle.
Corkyskog@sh.itjust.works 1 year ago
Honest question, what were they subsidizing? Were they previously charging no or little costs to people hosting? I understand what the delivery and Uber like companies were subsidizing, just not familiar with AirBNB.
ChrisLicht@lemm.ee 1 year ago
For these market makers, both sellers and buyers are subsidized to entice both into the market.
Check out Cory Doctorow’s “enshittification” theory.