Comment on Airbnb bookings dry up in New York as new short-stay rules are introduced | Under the new restrictions, short-term renters will need to register with the city and must be present in the home for th...
Life is grand during the VC subsidization stage of a company’s lifecycle.
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.
For these market makers, both sellers and buyers are subsidized to entice both into the market.
Check out Cory Doctorow’s “enshittification” theory.
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.