Airbnb: from Hero to Villain - Company Forensics
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- Опубликовано: 1 июн 2024
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Remember when Airbnb first burst onto the scene? It was like, finally, a way to travel without blowing your budget on fancy hotels. Everyone was all about it, but now, not so much.
People are griping about sky-high fees, lousy stays, and all sorts of dramas.
Why do cool startups like this hit a rough patch after soaring high?
Let's dive into what might be going on.
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Caya
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HA!! either the internet is SUPER delayed or your AI bots read my comment and took action.... hmmmm.. i finally got the emails and can join the training tomorrow. you can understand my concern in today's cyber world...appreciate it!!
This is just another symptom of the underlying problem: housing is way too expensive. People like to blame different things: Airbnb, hedge funds buying houses, boomers hoarding houses, etc. but all of them are just a result of imbalance in supply vs demand. There is a simple solution to this: just build more housing!
I think the successful companies we hate are for different reasons. I mean there are some unifying reasons like prices going up too much or the product quality going down or the CEO turns out to be a jerk, but the BIGGEST thing about AirBnB is the rocket fuelling of rents and property prices. Amazon doesn't do that. Neither does Microsoft. They do their own bad shit in their space. BUT inequality in property renting or ownership is huge. We need a roof over our heads more than new gadgets delivered by Amazon.
Well-said.
I didn't know who the CEO was or had seen his face before this video. It is hated as a bussiness ,not for disrupting hotels, but for exacerbating the housing market situation. We need housing to be a commodity first and foremost before being an investment. It was bad enough not being able to afford owning a house,but middle class won't even be able to rent now in high density areas! The whole video was rather jarringly focused on why do people hate on succesful bussinessmen and was mostly not about airbnb!
Thats the narative the media, hotel industry and politician have been pushing: Airbnb is responsible for the prices of housing at the moment. yet they have been made illegal in a few provinces and cities with absolutly no effect on the rental market. Now allowing illegals Airbnbs everywhere makes absolutely no sense. Which is why zoning laws for short term rentals have to be put in place, the same way we don't let a hotel pop up in the middle of a suburbs. So is it really Airbnbs fault, or is it the cities fault for not enforcing zoning laws?
@@gabz91110 And that would have been a very interesting topic had it been discussed in the video. However, the video focused on why do people hate on businessmen who do too well in "life" . That's what gets your essays graded F for off-topic!
To add to the previous comment, Airbnb simply illuminated a lot of insidious and disgusting government policies that sponges don’t want to face up to because they fear the day the free lunches stop. First, there are the real reasons housing is in demand which start with decades old policies created to buy votes at the expense of future generations. Then, the taxes on labor to buy votes at the expense of people who actually earn rather than the sponges at the top and on the bottom. Add land control policies to buy votes at the expense of rural owners, education policies to empower socialist simps, etc. etc.
@@psolien the reality remains the same, the effect on prices by short term rentals has been negligeable overall, we should focus on building housing and zoning. Don't worry there is a thousands videos and articles shitting on Airbnb which you can watch in a eco chambers of people that are happy to blame them for todays housing unafordability crisis. One more video on the same subject was not needed.
@@gabz91110 I don't have an agenda here🤷♂ I don't need to be reaffirmed of anything ,I'm not looking for scapegoats and I would like to listen to your arguments. The video set out to answer a question, glossed over the arguments against airbnb, which I presented and you want to disenchant us about, and moved on to their pet peeve. I'm saying it's not a very good video essay and it's off topic. It just wasn't about airbnb, it was all capitalism and business bros. If the emphasis was on what you want to tell us about, it would have been good wheteher I agreed with the conclusions or not. I want to hear you out whether you pay attention to what I'm actually saying or not. But it's not going to be a convertation that way and only one of us will learn.
Uber and Lyft also are no better than a regular taxi in price now.
Because they ARE just regular taxis now. The whole “rideshare” nonsense now seems to have been a big diversion and lie. How can you share a trip on a car if the driver of the car doesn’t know where he is going to drop you off? I saw some stories about actual ride shares people were doing, but there was no real money in it for a third party who is needed to provide security, monetization, and reputation services.
Sometimes more expensive
Seriously? You guys are too young to know how bad TAXIS are. Comments are dumb.
Please ignore the tax discussion at 8:56. Nominal marginal tax rates are not indicative of actual taxes paid. The rich rarely paid those rates because they were usually avoidable. Only upstarts, new money, and recipients of unexpected income paid them.
The end of the video seemed very biased to me, we don't hate entrepreneurs for their success, we hate Facebook for how they use our data, Amazon for how it treats workers and ArinBnb for the damage it is causing to the real estate market, in addition that as a normal person you have to follow the rules and they don't, so don't compare yourself to them, you're not part of them.
People can tolerate questionable behavior or effects from the small-time, start-up company, but once these companies become large corporations, people are no longer going to look the other way.
My two cents here: disruption doesn’t mean progress.
More like disruption subsidized by VC money never means progress because those prices are not real. There are actual real profitable companies doing disruption and they don't start charging absurd fees out of the blue just because your investors are not happy.
That is the root of all evil. Subsidizing consumer apps with VC money never was and never will show the true prices of a good/service.
With this we always go back to square one.
Load of crap. We are hating their business decisions and manners in which they run their business not because they are rich
Representing Gates and Musk as these likable dorky nerds in the beginning is far from the truth. Both have built their empires by being ruthless businessmen crushing their competitation both in shady illegal ways and legal ways. For Amazon their working conditions is so awful and based on their own calculations of employee turnover they are fearing running out of people to hire in the US. The perception of them have significantly changed the more information comes forward. Similarly, the true societal costs of Airbnb, Uber, and all the other app companies are becoming more and more evident.
and gates was absolutely hated at the start... op seems to be young lol
For the first time I'm left with, "what was the point of that bullshit*t?"
100%
I mean it became crazy with people who ended up not wanting to leave and the owners not being able to have police remove them
I can be totally wrong here but i read this video as a very big "i am an entrepreneur, i see myself in those guys and i don't want to be hated" therapy session for Caya. But putting that aside, there are many legitimate reasons to hate billionaires, and those have nothing to do with the fact that they succeeded
I like his self awareness
The issue with Airbnb is that they faced the issues hotels had to deal with. Which is unruly visitors that trash the rooms. Hotels normally charge you a standard fee to clean up. Airbnb didn't at the start then owner started to charge extra fees thus more expensive than hotels.
The reason Airbnb is hated is for causing housing shortages. This isn't US specific but worldwide. Housing shouldn't be looked as an investment vehicle
I keep forgetting about this channel lol. Used to be one of my absolute favourites back when I was a broke entrepreneur living off beans and spaghetti - making the vision come alive.
Glad to have you back 👊🏽
- Caya
I thought you were going more in the direction of why airbnb is no longer the cost-saving option it once was and that I now often times use low-cost motels/hotels in lieu of airbnb because some of these airbnb hosts charge $100+ for a shared living space and it's not even in a good neighborhood and sometimes has problems with cleanliness. I thought you were going to discuss the, at least the perceived, greediness involved in airbnb hosts. For example, there are few places in the metro area I'm in that cost less than $80 a night, so you're pretty limited on your options. I also seriously contemplated staying long term in a motel 6 or something like that because these hosts charge maybe 2 to 4 times what they charged in maybe around 2020. In the beginning of 2021, I stayed at a nice place in San Antonio for $34 a night, but over here in metro philli, that same place could easily be over $100 a night.
Honestly, after looking at some of those articles I was convinced Air B&b was near its end.😂
You can't become an ethical billionaire. Let's be real here.
So would you say Jay Z and LeBron James are unethical for simply being too successful?
@@GrillinDude-ng9kk they are unethical because the hoard wealth.
Money is a finite resource and when billionaires keep all of it the rest of us have less to share. Which means inequalities get bigger and bigger.
My favorite Airbnb in Dubai is 50 meters from The Mall of The Emirates. 8 7x4 foot rooms for, ... wait for it... $12/night. My own private room. I lived there for 3 months. Had to sleep with my suitcase on my bed, but it was great! I saved SO MUCH MONEY!
First miss from this channel, didn't get to the core reasons why AirBnB is despised
Hum I think it's now easy to create a startup that do what Airbnb was doing. providing something cheap. Like air bed and breakfast and strickly that.
Or something that provide only the luxurious and exclusive stuff .Maybe Airbnb as a brand is losing because they are trying to address everything under the same umbrella.
The song at 9:53 is Bag Raiders - Shooting Stars. You're welcome.
The title should be Airbnb: an example of the Side Effects of the unfettered greed of capitalism in an unregulated market and how it creates a hatred of the organisations and those who run them.
Airbnb is not a disruptor. It is an example of the consequences of its business model that entices the capitalist mind to exploit the opportunity of making money by taking advantage of circumstances to create a new economic system to make and maximise profit. Its an example of the capitalist system at how a raw capitalist system works and why government regulation and oversight is required so as to act in the public interest. The other examples being facebook, Amazon, etc. They are not disruptors, just another form of capitalist business models to create monopolies, control markets, prices and gouge consumers so as to perform their primary purpose, to maximise profit, no matter what the consequences or cost are.
I’m going to the US in may. Have looked at arbnb, since the cleaning fee hype was strong on twitter
After booking hotels, pretty happy about my choice. Airbnb is f*cked.
Im a bit surprised that as a sizable percentage of our generation is worried that we could be be teetering on the edge of a second gilded age, this is your take.
we all did our first deck taking airbnb's as an example. it definitely set a milestone in the golden age of the last tech startup prosperity era.
When you DISRUPT the inefficiencies/inequalities in the system - you are applauded!...
When you BECOME the system - you are the villain!!
That's the change!!!
Not sure I got the point of the video this time
Loved the vid thanks slidebean and Caya!
Some recent content from Patrick Boyle and How Money Works on CEO's driving value for shareholders might be an interesting watch.
CEO/Exec compensation would be a facinating topic to cover in a few different episodes.
Keep making content!
Always awesome in presentation. Without Caya's inspiration, I would never have known what to do with my startups, and thank goodness he hasn't had reason to stop doling out valuable titbits on all aspects of entrepreneurship
Love your videos!
so what made people hate airbnb?
Watched the whole thing and still don't know what the status is with ABNB.
I’ve been waiting for a video about airbnb!!
This is crazy! Great video😊
Fire content
Hehe the last sentence 😅
Did I miss the point? 😅
I usually like your content so I’ll give you a pass for this . Most people don’t hate billionaires for the sake of being rich , is because of their unethical business practices, that each and one of those persons you mentioned have proven over time . In the case of Airbnb , there’s not only massive evidence of mistreatment to their employees, but also huge amounts of money on lobbying and manipulating people’s perception into thinking Airbnb is good for the community when in fact even the data you’re showing proves the opposite is true . Is very classist and disrespectful, and out of touch with reality try to make people think they hate billionaires and big companies for their success , please do better !
I don’t think that was the point of the video, sorry if it came out that way.
The general point was more around Airbnb ‘succeeding’ in what it set out to do as a company. They did. That just sucks for everyone else.
- Caya
So your video has nothing to do with Airbnb and should just be called “do we hate billionaires”
9:08 CAYA! Are you trying tos care us or what!?
The video is all over the place, not sure whats the point."AirBNB Forensics" yet you talk more about zuck than AIRBNB.
You use the term "Tall Poppy syndrome" This is an Australian and new Zealand term. Austrlaians (and New Zealanders) are very active on the internet, and this has resulted in cultural alterations that are hugely embedded in American culture. The inter4esting thing about this is that this is not the only cultural influence Australia has had on the world due to the internet.
Ever wonder where the idea of Millennials not afforcing houses due to their avocados on toast comes form??? Yes, an Australian politician becoming a meme in Australia, and tehn when it burst out, it led to a huge increase in avocado sales in the US.
This alone could be an entire youtube episode, how a population of 25 million has culturally affected a population of 330 million, just because of the internet. It is insane.
Just a feedback. The music in the video is too overpowering that I could barely hear what you’re saying when listening through my car speakers.
This video totally lost the thread. You were giving me the history of Airbnb and then you started lecturing about whether it’s fair to hate the rich people and I clicked off.
You either die a hero, or you live long enough to see yourself become the villain. Thats every startup
This is the Sildebean version of Gordon Ramsay’s judging MasterChef…
This is an incredible dish….
if you were cooking it for your grandma who lacks tastebuds…
🤔
I didn't learn anything from this.
Absolutely love this video. I think about this a lot actually, particularly in the case of Bill Gates and Jeff. It's just easy to hate on wealthy people because in many cases they are dehumanised into just an entity.
A comment??
Mark is definitely a lizard. He eats insects.
Ehhhhh Mark Z WAS *incredibly* privileged, as was Bill. Have you even read their bios? It seems like you don’t know their actual backgrounds at all 🥺. I don’t know you, of course, but your entire vibe is VERY different from these men. Just the level of self-reflection you show in these videos puts you head and shoulders above them.
You CAN be an ethical founder and businessman. I know them personally and by reputation. You just don’t hear about them because they aren’t causing harm, let alone possessing unfathomable levels of wealth with little to no regard for the crushing effects of their work on society.
I was a teacher for years and taught logic fallacies. You’re employing the false paradox and black and white reasoning here. (I know because I struggle with the same thing. Old habits)
People’s disdain for these men is based on moral positioning and the practical effects of their choices. I don’t know if one can be an ethical billionaire or not, but I know that YOU can become a wealthy entrepreneur without looking to these billionaires as your inevitable destination. There is always a third way; we just don’t hear about it because it doesn’t make as many waves.
I’m not sure all the hate is real. Activists/media on both the right and left might be against a certain company/person but the general public might still quietly supports the company by purchasing whatever they are selling. If the hate becomes real then action by government will be taken to restrict whatever they are doing.
Boycott Airbnb! The never endless hunger for more is the problem. More properties more guests more more more. We don't support that predatory business.
They definitely ruined Venice, Barcelona, and New Orleans.
Who gave people the right to say who can or who couldn't be a rich, billionaires should pay more tax they do how much is 38-55% of tax on a billion dollars compared to a thousand dollars.
Third comment on the video
😂
Disorganised video selling some junk courses ...didnot focus on airbnb
My neighborhood is ruined by this company!
Unpopular take: Stop blaming AirBnB for the "housing market problem". The problem is you want to live in a city or area that you can't afford, and you think all of the world somehow "owes" you a right to live cheaply in some of the most desireable places on earth. And no it doesn't matter how long you or your family have lived there or hand-wavy claims about "community".
Even if you banned short-term rentals across the entire planet, it wouldn't drop house prices a single percent. Look at tbe cities where they banned STRs, did housing suddenly and magically become "more affordable"? No, not even a little bit! 😂
AirBnBs are most prominent in highly desirable cities and areas all over the world, and demand is massively exceedibg supply there, and will continue to do so for our lifetimes. It's not "greedy owners" or "greeder big companies", its your "greedy" desire to live in a highly desirable place and then your audacity in thinking its everyone else's job to subsidize that for you.
Yep, the discussion lately got to some unseen level of sophistication - "Rich bad companies bad give money to everyone. Community, equity, inclusion. Oh look inflation. Rich bastards fooled us again."