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.
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.