Comment on The End of Airbnb in New York

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finnie@lemmy.world ⁨1⁩ ⁨year⁩ ago

Well I think it was successful for the same reason so many unicorn startups are. They were bankrolled by promising angel investors marketshare so they were able to run artificially brutally low prices to dry out the rest of the market for years. But now investors are asking for those profits back and we’re here dealing with horrible Airbnb prices AND it made the housing crisis worse. Double whammy, bb!!

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