5 ms·
They’re losing revenue due to the massive amount of recently cancellations.
by fbonetti 6y ago
They’re losing revenue due to the massive amount of recently cancellations.
- whymauri 6y agoThey're honoring a massive amount of refunds. There's also a lot of logistical work to be done for hosts which will probably be expensive.
- atwebb 6y agoI think the OP was asking, why is income negative on any revenue (they lost in Q3/Q4 of FY19), what are the expenses that can't be covered?
- CydeWeys 6y agoThey employ a lot of people and have office space. Any big company has a large amount of fixed costs that will drag you under when income dries up.
- yesplorer 6y agoAirbnb has over 5 million listings and 150 million customers around 190 countries and they don't make enough in commissions to pay rent, salaries and server costs?
- rchaud 6y agoyou forgot marketing costs. Airbnb is a household name for a reason.
- yesplorer 6y agoAt what point does Management not realise that they need to balance their books and so at least, expenditure = revenue for them to break even? Airbnb is 12 years old. If they haven't figured out that they shouldn't spend more than they earn by now, I don't think the current management will be able to figure it out in another 12 years.
- CydeWeys 6y agoThey don't. Period. That's a simple fact. No questions need asking here; they do NOT make enough money from their listings to cover all of their costs, full stop.
- yesplorer 6y agoThen they're indeed not fit to run their business, period.
- CydeWeys 6y agoOK, so what are you going to do about it?
- yesplorer 6y agoAm I supposed to do something about it? Do you know the meaning or point of a discussion forum? You're such a bad loser, lol. Wsj published the article, what are they going to do about it? Don't be rude, it's stupid. You can have the last word.