598
How Airbnb accidentally screwed the US housing market and made $100 billion
(www.arktrek.shop)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 May 2024
598 points (100.0% liked)
Technology
60811 readers
3370 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
Sure, but AirBnB and Uber didn't improve the hotel and taxi markets, they just joined them. They each took advantage of a tech debt and then lowered the barriers for entry to the market. In doing so, they made a shit ton of money by carving out market share from the fucked up systems you described.
Also by doing and end run around regulations by pretending to be people just renting their house when they are away or giving rides to people going in the same directions. That is why they have names like 'ride share' instead of 'contracted cabbies who drive their own cars'.
Seriously? Not sure about airbnb since I use booking, but Uber was so much better than cabs it wasn't even close. They didn't even make that much money. They lost money last quarter