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This Is the True Scale of New York’s Airbnb Apocalypse
(www.wired.com)
This is a most excellent place for technology news and articles.
Wired has gotten pretty bad. Can't even read what they're saying because of the paywall, so I'll have to respond to the title and say AirBNB shouldn't exist in the first place, so who gives a shit if the top of their pyramid can't buy a third yacht this year. Fuck all of them.
Airbnb was great when it was simply a formalization of the short-term room rentals you find on craigslist.
When investors got involved and started having Airbnb specific properties, it all went to shit.
I would say now that I'm in my thirties that my favorite part has been watching this mad scramble over the past decade of absolutely everything new and innovative becoming these out of control behemoths because investors somewhere decided that an app that rates farts has a market cap of $10 billion.
Now we've come into an era where fart app employs 20k people and they somehow need to make all of the money back that they burned building a global fartforce
I would like to invest in this fart app idea. Do you take Bitcoin?
Only Shitcoin.