How AIRBNB Revolutionized the TOURISM Industry – VisualPolitik EN

Published by Darron Toy on


Let’s jump directly into the first question… Do you know how many tourists there were in
2017 around the world? Well… listen up… because this number may
make more than one of you jump out of your chair. According to data from the World Tourism Organization,
no less than 1322 million people traveled in 2017. More than 1.3 billion international tourists! And as you can imagine, this gigantic industry
generated more than 1.2 trillion dollars…. And, what do we find when there’s so much
business?… Companies! Well, in this video we’re going to focus
on a company founded in 2008, by two young guys who couldn’t afford rent, and which
in just 10 years became one of the 5 largest tourist corporations in the world. I’m sure you all know it, and I’m also
sure that many of you, if not most, have used it. Of course, we’re talking about Airbnb, the
largest accommodation company on the entire planet. Now, hated by some and loved by others, what
are its true dimensions? What purpose is it trying to achieve? What implications does it have? Well… let’s see. Everything that has to do with Airbnb is impressive… And no, I’m not exaggerating. Despite only being 10 years old, Airbnb has
managed to become the largest tourist accommodation company in the world. In fact, it sells more rooms than the next
4 companies in the ranking… together. You heard that right. See, the Marriott, Hilton, Intercontinental
and Wyndham chains, the 4 largest hotel chains in the world, have 3.3 million rooms altogether,
Airbnb, alone, as more than 4 million. We’re actually talking about almost 5 million
rooms spread over more than 190 countries. Through this platform, we can book a room
in more than 81,000 different cities. With these data, you can imagine the huge
panic that Airbnb has caused in the Boards of Directors of the largest hotel companies (“Airbnb is a mortal threat to the U.S.
hotel industry”. – Ian Schrager, American entrepreneur, hotelier
and real estate developer.) And… You know what? They have every reason to panic… Since it was launched, Airbnb has managed… 300 million reservations… but… if that
sounds like a lot, keep listening, because their numbers are growing so fast that the
company expects to surpass 1 billion reservations as of 2028… per year. But before we continue… one note: As you may know, most technology companies
lose money, sometimes a lot of money, in their first years. This is because they have to spend a lot to
start up the company, acquire technology, build a brand, get customers, etcetera, etcetera. And, of course, someone has to make the investment… Because at the end of the day, keep in mind
that many times the founders are students, engineers, designers… generally young people
who aren’t exactly billionaires. That’s why… in Silicon Valley and, practically
throughout the technological world, there’s an instrument that has become something like
the holy grail of the industry: the financing rounds. Allow me to explain, a start-up, when it’s
not listed on the stock market… meets with a bunch of venture capital investors and presents
its project… and then the investor, or investors who put
money on the table or, services such as contacts and legal or technological support, are sold
a part of the shares. And when the start-ups need more resources…
they launch more financing rounds. Well… in its latest financing round, Airbnb…
got 1 billion dollars for about 3% of its shares. That means that the investors valued the entire
company at 31 billion dollars. Not bad for just 10 years, right? But having said that… you may be wondering,
how on earth did a company founded by two young graduates manage to become such a huge
empire in such little time? Well… we’ll take a look at this, but first,
let’s look at where and how it all began. And I’ll tell you now, if the current numbers
are impressive, their origins aren’t far behind. Listen up. THE ROOTS) It’s the year 2007, you’re 26 years old,
you’ve just finished your studies and moved to seek fortune in the world capital of technological
entrepreneurship: San Francisco. But… of course… you have to pay a lot
to live in such a fashionable city… So, you get an apartment for $ 1,200 a month…
which you can barely afford. The question is, what would you do? Well, that’s precisely the question that
Brian Chesky and Joe Gebbia, two of Airbnb’s three parents, had to answer, when an opportunity
presented itself. There was a conference in the city, a designers
congress and the hotels were full… so… these two guys had an idea. They said… Why don’t we buy a couple of air mattresses,
put them in the living room and rent them out? Well… that’s precisely what they did:
they offered a mattress to sleep on and breakfast in exchange for a bit of money with which
to pay the rent. To find customers, they set up a website,
Airbedandbreakfast.com where customers could book a mattress in their living room. They got 3 customers, and made $80 on the
first night of the conference. (“It’s funny but we didn’t think ‘Air
bed and breakfast’ would be a big idea. We thought it might be able to pay the rent
until we could think of the big idea […] One thing I learned is, big ideas sound stupid
in the beginning”. – Brian Chesky, founder and CEO of Airbnb.) But… little by little they noticed that
the idea wasn’t so far-fetched. In February 2008, Nathan Blecharczyk, an architect
by profession, joined the project as the third co-founder. Airbnb was underway… Of course starting it wouldn’t be easy…
the concept was still an embryo… an idea that many investors thought was completely
insane. Think about it… a service to rent a bed,
an air mattress or even a sofa in a stranger’s house… it’s crazy! Right? So… they had to use their credit cards…
and their ingenuity. His first “lucky” strike came in the summer
of 2008: it was election year and the Democratic Party and Republican party primaries were
coming to an end… and as you know they end with a great convention where each party appoints
a candidate… in this case the nominees were Barack Obama and John McCain. Well, to advertise and raise funds, they released
breakfast cereal with the pictures of the candidates to the market… the best part
is that they caught the attention of a venture capital company that only a few months later
gave them 20,000 dollars… From there… my friends, their growth was
unstoppable and, today, a decade later, these two guys who couldn’t afford their rent…
have more than 3 billion dollars each… and appear in the rankings of the richest people. Come on… the American dream in all its glory. The fact is that throughout this process,
technology played a big role… but so did the philosophy of the project itself. See, as I’m sure you all know, AirBNB doesn’t
own apartments or hotels… it’s “simply” an intermediary. In a very synthetic way, the idea of the company
is something like: in the world there are many unused resources,
such as empty rooms and empty apartments. So if instead of investing in new resources,
we give the owners of those unused resources the opportunity to make or improve their income…
we can invest the money we have in technology. And now Airbnb has gone a step further…
it wants to do the same with people’s ingenuity.. So they’ve decided to launch an experience
service. Allow me to explain, a person performs an
activity… like bike riding, visiting monuments, wine tasting… whatever… and Airbnb offers
this experience to its customers. One of their best-known experiences is the
one you’re seeing, an adventure with which you can get to know the world of wolves. Its creator has already raised more than $ 300,000 The truth is that if you think about it…
connecting and exploiting underutilized assets and people’s services and creativity, isn’t
only a great idea… it also implies taking advantage of resources in a very efficient
way… while generating lots of benefits for society. Wait a second… Airbnb… Benefits? But… many politicians say that we need to
persecute or limit these types of companies… Well… yes benefits. Listen up. ( THE BENEFITS) Dear viewers, despite the bad publicity it’s
been having lately, Airbnb has brought a lot of benefits to society as a whole. For one, it’s making travel more affordable
for everyone. For example, in the US, the average rooms
offered by this platform are between 35% and 47% cheaper than the average rooms offered
by hotels in the same city. And… they have a much wider offer… you
can find almost anything that suits your preferences on Airbnb… even if, I don’t know… you
want a tree house. Obviously, this is an inexhaustible source
of wealth: more tourism, more services and more jobs. In fact, this platform’s users spend, on
average, twice as much as other tourists. But perhaps Airbnb’s greatest overall benefit…
has been that it’s allowed hundreds of thousands of people… usually middle-class people…
to become real entrepreneurs in the tourism sector. Thanks to Airbnb many families that had free
rooms, or an apartment, or bought an old one to restore and exploit it… now have a new
source of income… Since it was launched… the “hosts”, the
owners who rent their rooms and their houses, have received more than 41 billion dollars. And, the data is very clear about this, most
of the beneficiaries are middle-class families. Yes, I know, not everything is so beautiful… Airbnb has also generated some problems…
for example, in the busiest cities, average rent has increased, and some neighborhoods
have become very busy, to the displeasure of the neighbors… but… Aren’t cities supposed to be dynamic? Is it bad for a city to come alive and create
jobs and wealth? Isn’t the real problem in how expensive
houses are… often because of politicians, as we saw in this video? Well, we’ll talk about all that in a future
video… because there’s a lot to say about it. But now it’s your turn, what do you think
should be done with Airbnb? Leave your answer in the comments as well
as in the survey. I really hope you enjoyed this video, please
hit like if you did and don’t forget to subscribe to our channel for brand new videos. Also, don’t forget to check out our friends
at the Reconsider Media Podcast – they provided the vocals in this episode that were not mine! And as always, thanks for watching!


100 Comments

Online Real Estate Today · July 10, 2018 at 2:50 am

more like this please

Javin B. · July 10, 2018 at 3:34 am

Can you cover Flipkart, the Indian company that was valued at $33Billion in 10 years?

Tamuno-Opubo Cookey-Gam · July 10, 2018 at 3:52 am

Airbnb is quite good. However, I think all cities (definitely big cities) should limit Airbnb only to people with less than 2 properties and less than a set amount of income per year (to balance out the low months).

Anthony Marquez · July 10, 2018 at 4:23 am

people have also been evicted from their homes because of Airbnb

Selitettava · July 10, 2018 at 4:58 am

2:33 I hate this sound effect/piece of music… It always makes me jump when it begins, it's too loud in the beginning

bryan carter · July 10, 2018 at 5:20 am

Airbnb seemed good at first. But after staying at our last several places we’ve decided to never use their services again. They just don’t have any real say or obligation to the renters. Between hidden cameras hidden microphones and unexplainable sharing of the rented space even after selecting entire place. Simon left out the real scary part of renting through them

Vinay Singh · July 10, 2018 at 5:46 am

It's not go anywhere

Peter Verhauwen · July 10, 2018 at 5:56 am

They should scrap 'air' from their name. In the beginning it was a good idea. Now it it turns city's into Disney land. Locals move out. Not only for surging rents but for impossible living conditions. Which local want to live next to disrespectful selfistick tourists not only partying through the night but also disregard the rules of a building (waste etc.). Places like Amsterdam have become impossible. Very sad.

indihut · July 10, 2018 at 5:58 am

Regulation is obviously necessary for the new internet based multinational companies from facebook to AirBNB in order for these globally operating ventures to tweak their models and fit into the local conditions. These regulations should be a perfect blend of accommodating both parties – the competitors losing money to new innovators such as AirBNB and at the same time ensuring that regulations don't become one sided and kill innovation.

Example, here in India all service providers must ensure we pay GST to the Government for the services we provide to any client. Thus, AirBNB simply need to comply to these basic tax rules.

Also, limit the stays to ensure hosts don't take advantage of the housing scenario.

By the way, why don't you pick the best comments and feature them hahha…just saying 😉

Husein Hamzah · July 10, 2018 at 6:08 am

I think most of new internet tech companies, are basically filling the solution, that cannot be solve by our government.

Gonz · July 10, 2018 at 6:18 am

Yeah, isn't things really always the achievement the market, and the fault of politicians? How can people making money being bad? But seriously, why isn't the market producing tons on competition for them? They can't possibly have a copy right on setting up a webpage that connects people who want to rent and those who are renting out. If there's that much dough to be had these companys should be poppin' up like weeds. Or I'm I missing something?

S Cin · July 10, 2018 at 6:27 am

Great video.

Bonde Barca · July 10, 2018 at 6:29 am

This was very good

GreyFolk · July 10, 2018 at 6:34 am

Why is it called a bed and breakfast if they don’t provide breakfast

Soaringbum NM · July 10, 2018 at 6:36 am

I thought I was watching Today I Found Out

GreyFolk · July 10, 2018 at 6:36 am

You’re so biased to certain issues

Vb · July 10, 2018 at 7:24 am

The idea is the same as site's like couchsurfing & co
Or blablacar& Co and their origins (such Plattforms are not uncommon since more than a decade, but many at least start with no intention of making lots of money or they died for not being big enough)
Thr new thing is not people renting places to sleep or travel.
In many former Soviet states such (iligal) markets where riseing sinds the 80's
New is just scale and will to earn more money, though technology adwandst findability.and

World · July 10, 2018 at 7:55 am

My rent just went up 10% because of Airbnb

Jonathan Lindkvist · July 10, 2018 at 8:01 am

I've used Airbnb a couple of times and to be frank it's an awesome service. The only problem I have with Airbnb is that they usually do not check if objects on their site have for example fire alarms but they do gladly send photographers to take pictures. They will need to fix this for me to further trust them.

Santiago Yllera · July 10, 2018 at 8:03 am

Booking is the biggest tourism accommodation company in the planet by far and not Airbnb

I Pantev · July 10, 2018 at 8:25 am

I hear what you are saying, but what about the part of society that ends up on the losing end? Benefits – yes, but these are highly concentrated. It's by no means Airbnb's fault, but a lot of regulations (NOT ALL) are there to moderate the development/deepening of inequality. In a global economy that does not function without growth, such tools mostly serve as incredibly efficient wealth concentrators. And while yes – Airbnb does funnel wealth to the middle class it's also the middle class footing the bill and propelling a number of investors further up the social ladder.

Just think of how many barriers you need to clear before being able to make use of the platform – have a mobile device/pc, internet, spare house, money to travel…

I love your channel and all the insights you bring us on a regular basis, but this video was a bit too much tooting Airbnb's horn. Can't wait for the next video on the topic 🙂

billy kobilca · July 10, 2018 at 8:29 am

Once again us economy is just a service economy.

Louis Sufyerd · July 10, 2018 at 10:35 am

All marketplace that increases competition might be good for the economy and consumers, Air b&b is one of this as can be Uber. Cities and gouvernements should not try to shut it down but manage to avoid black market as some kind of virtuous circle : more people, more taxes.

Mitchell Braniff · July 10, 2018 at 11:18 am

As a host, I have been able to meet many people from around the world. Truly amazing.

Christopher Webb · July 10, 2018 at 11:24 am

I have never heard of this company before now.

Andrew Chiu-kit Tsang · July 10, 2018 at 11:56 am

I have been using Airbnb to look for accommodation when I travel to Hong Kong and New Zealand. Hong Kong is well known for the expensive house price. Airbnb able to help me to find cheap and not nasty accommodation in the expensive city. On the other hand, a lot of hostels and guest houses in Hong Kong use Airbnb as their marketing tool. In New Zealand, using Airbnb, I am able to find near 5-star-hotel quality accommodation in the price of an old motel room. I am sending this comment from an Airbnb room at Hawke's Bay, New Zealand.

D.A. Paulino · July 10, 2018 at 1:14 pm

cover the happenings in HAITI be the first.

Paya Chinglish · July 10, 2018 at 1:15 pm

AirBnb just glorified illegal renting.

D.A. Paulino · July 10, 2018 at 1:15 pm

Airbnb btw is awesome.!

Dav1d15196 · July 10, 2018 at 1:51 pm

Hey VisualPolitik can you please make video about slovakia ? There was murder of the investigative journalist who was writing about Italian/Slovak mafia in Slovakia. Now slovakia is in big political turmoil. Anyway great channel !

ChaoticCreations · July 10, 2018 at 2:23 pm

Circumventing domestic regulations and zoning, and negatively impacting regional housing….. yes AirBNB is just so amazing.

Albert Ferguson · July 10, 2018 at 2:39 pm

The greatest concern of renting a property from Airbnb is mostly security. I mean you rent someone’s home from an company centered in USA and has no worldwide check or approval process for the properties in their website. It is basically black market.

NozomuYume · July 10, 2018 at 2:44 pm

$1200/mo apartment in San Francisco…. HAHAHAHAHAHAHAHAHAHA

Justin Young · July 10, 2018 at 2:51 pm

Do you have to declare this as advertising?

eamonn keogh · July 10, 2018 at 2:55 pm

Good for the one person in the street who can afford a second home, bad for the 8 other residential properties in the immediate vicinity who have to put up with the constant stream of noisy tourists coming in at all hours. Tourism and travel shouldn't be viewed as a good thing for society, getting to travel 2/4/6/8/10 weeks at the cost of not knowing/getting along with your neighbours for the rest of the year is a net loss for society.

Simon-Kalman Tsy · July 10, 2018 at 2:57 pm

lets not forget that AirBNB owns just the platform. they dont employ people, they dont do maintanance work.this seems to me troubeling. Everything that costs money is owned by the people and everything that generates money is owned by AirBNB

yungwook shin · July 10, 2018 at 3:00 pm

Airbnb Make more people to travel. Low Stay Cost? Well Let's just depart and see. More People are spending(Who used to stay in the room).

Aathithya Printing & Signs · July 10, 2018 at 3:19 pm

I Need more information about Germany Economics and industrial success

GamerFromJump · July 10, 2018 at 3:44 pm

And of course governments and existing industry flipped and teamed up to attack it. Because of course they did.

Diphyllum · July 10, 2018 at 3:45 pm

Rent is theft

björgvin karlsson · July 10, 2018 at 4:09 pm

Bad fore the poor good fore midle class and up

Shannon Sofield · July 10, 2018 at 4:57 pm

So strange that VRBO and CouchSurfing existed well before Airbnb, but never achieved this level of success.

genium me · July 10, 2018 at 5:03 pm

hey – i really enjoy the content you make – still i think its a bit of an oversight not to mention tax evasion and pushing hotel buissneses which pay tax into air bnb which does not for the price of the room and only for the few percent of add on… thats the real problem if that gets fizxed you could actually compete and not push housing prices and so on, until then everything they earn is based on a tax evasion exploit at the cost of every tax payer

Ricardo Luz · July 10, 2018 at 5:13 pm

11:40 "Is it bad for a city to come alive and create jobs and wealth?"
Let me answer to that: I live in Algarve, Portugal. Our revenue comes from beach tourism, we praticly only work 6 months a year. The could months in Outumn and WIntes you don't even see a living soul on the streets, so we don't have jobs. By contrasts in Summer we need a lot of workers for hour businesses. The problem? People that use to come to work here on the high season don't come anymore because there is no rooms for them to sleep! Thanks Airbnb. Many places actualy close their doors because they don't have people to work.

Šimon Hrabec · July 10, 2018 at 5:21 pm

Hello Simon (from Simon). If I remember correctly you live in Prague (like me) and housing here are simply not affordable (less affordable than in the UK in fact – according to Deloitte property index 2017). Do you believe that AirBnB has contributed to the dramatic increase? Is it fine if people can buy building and turn them into AirBnB hotels without following the law and regulation for hotels?
I appreciate the info in the video (I didnt know what the BnB standed for actually), but I lack the legal aspect. What do you think is the proper regulation? If owners dont follow the hotel (much stricter) regulation, should they be allowed to rent the appartment just for 3-6 months as this would more fit the idea of shared economy? I know Brits tend to be much less strict about regulating business.
Thank you for your opinion.

martin sørensen · July 10, 2018 at 5:29 pm

The problems about Air b&b is not Air b&b but outdated laws and, systems that are being disrupted. Air b&b and Uber is just making it clear.

jeremy bird · July 10, 2018 at 6:42 pm

I guess you never watched the Adam Ruins Everything Air BnB episode.
You mention that most of the profits go to middle class, but at the same time it causes rents to go up in large cities so in the end the middle class still end up paying more in terms of housing. It sounds to me like their are more losers than winners.

Zubair Siddiqui · July 10, 2018 at 7:05 pm

So, simon sold out and took corporate cash…. do one on the crisis that is Pakistan

med zied arbi · July 10, 2018 at 7:39 pm

Please make a video about maghreb union

Scott Franco · July 10, 2018 at 7:57 pm

Some apartments have rules against sublet, and some condos have HOAs that have rules against rentals. This seems to me that it covers people who have an issue with it.

Reda Taliani · July 10, 2018 at 8:47 pm

Do a video on American imperialism in the Middle East

Bas de Vries · July 10, 2018 at 9:24 pm

For someone living in the Netherlands, AirBNB is an absolute nightmare. Not that renting a room is expensive or anything, but most tourists using it are usually not the kind of people you want in your house. This is because they usually come to the Netherlands to drink alcohol, smoke weed and wreck their apartment. Not great thing if you get woken up because the AirBNB guests of your neigbour come back from partying at 4 a.m. and keep you up at night when your alarm is set at 7 a.m.

But hey, it's cheap right?

Stewart Attwell · July 10, 2018 at 9:27 pm

God bless Donald trump.

Formosan Business Support Co.Ltd. · July 10, 2018 at 10:11 pm

I think Airbnb is far from being perfect or reaching its full potential, because it only can focus on the global mess market, but cannot focus on the local aspect.

JBTechCon · July 10, 2018 at 11:37 pm

8:50 I had no idea wolves made pasta! Or am I misinterpreting that weird jump cut?

JBTechCon · July 10, 2018 at 11:43 pm

I was hoping this vid would explain EXACTLY how the fuck Airbnb doesn't get shut down for operating unlicensed hotels. Yes, I know it's a "different model" but ultimately you have people without hotel licenses renting out rooms. I'd also like a clear explanation of how calling Uber or Lyft "ride sharing" somehow makes drivers NOT operators or unlicensed cabs. Can we just do illegal things now if we give them another name? Don't get me wrong, I love Airbnb and Uber, but how does the legal work-around work?

benfidar · July 10, 2018 at 11:47 pm

Simon, there are huge downsides. Neighborhoods and entire cities are being destroyed by air b&b. Florence is now emptied out of actual Florentines. Tourists are pushing out residents. And, the hosts are not really making money. They are, like uber drivers, not making money. Rather they are converting the present depreciation of their assets to ready cash. They are selling the value of the asset for that period of time. They are not renting their houses little by little, they are selling them little by little until they are exhausted. Not even houses last forever.

Vinh Le · July 11, 2018 at 12:20 am

Human traffickers use Airbnb to kidnap people

Takyi Kobbie · July 11, 2018 at 7:58 am

Isn't it dangerous to rent an unknown man's room

G C B · July 11, 2018 at 8:05 am

Uber is doing to the taxi industry what AIRBNB has done to the hotel industry. The concept is the same, the utilization of an underused resource. Where I live supermarkets used to close on a Friday afternoon and then reopen on the following Monday. An idea a younger generation would find pretty strange, but the concept of 24/7 is the same, the utilization of resources. So, what is next? The utilization of unemployed people in 3rd world countries to make clothes? Sorry that's been done too, despite the best efforts of Mr Trump. Surely there must be something else that can be done. What about growing carrots in my underutilized garden and selling them on the footpath? Humm, maybe…. not sure about that..

טל שוורץ · July 11, 2018 at 8:13 am

The survey does not appear

Aniket Biswas · July 11, 2018 at 9:29 am

Is the 1.3 billion only international tourism.

Eduardo Augusto · July 11, 2018 at 5:18 pm

With Airbnb rather than chilling for 10 hours in a US airport with immigration staff on my back waiting for my connecting flight for Brazil-China, I just traveled for 5 days in Rome for the same ammount of money I would be wasting for a US visa.

Bagrat Khachaturian · July 11, 2018 at 6:20 pm

Make a video about Mongolia

Kiran Sripathy · July 11, 2018 at 9:16 pm

Airbnb is useless for me. Never got a room through it. Hotels are reliable.

Tom Kelly · July 12, 2018 at 2:26 am

As a carpenter, I am glad to see my friends and neighbors investing their air B&B earnings into renovations and upgrades on their homes and cabins. It has helped to raise my wages with all the extra work. I am glad for Air B&B

Eddie Brock · July 12, 2018 at 6:21 am

What happens when the workers can no longer afford to live in the city. The middle class people are going to be bought by corporations cause they won't be able to afford the taxes associated with their property unless they AirBnB when it's not convenient. Eventually it's only cover the taxes. The new power will be who bought the properties and don't be shocked if it's AirBnB itself or some similar entity.

Regulation will eventually happen or this will be the future. Homes are increasingly become less affordable.

Biliamin Popoola · July 12, 2018 at 9:56 am

Airbnb significantly eased my last trip. Nevertheless, I can't say it's a perfect system. Governments may institute necessary/objective regulations, but the genuineness and usefulness of the innovation should not be underrated, misunderstood or rubbished.

Regenbogendiamanturanusspirale · July 12, 2018 at 12:14 pm

I love Airbnb so much! I could travel a lot more because i didn't have to pay for expensive hotels 🙂

Julien Boulad · July 12, 2018 at 2:31 pm

When will you do a video about Lebanon?

danemlive · July 12, 2018 at 4:20 pm

Simon, only a Sith deals in absolutes. I love AirBnB as much as the next person, and I know you are an unabashed Capitalist, but to simply brush the detrimental effects as unhappy side effects of vibrant cities is folly. An entire half of my island has now become unlivable because of AirBnB. Landlords can earn 3 times as much for the same properties that they were previously renting to locals. While they don't have occupancy 100% of the year, they still make more even at 50% occupancy. So they keep their properties empty half of the year in hopes of attracting AirBnB bookings.

Thus the housing stock, while adequate for the population, is no longer affordable to locals, and many, especially young people, are forced to live at home into their 30s. This, in my opinion, is a strong case for government regulation and rent control. Free-wheeling capitalism can be dangerous and contributes to ever increasing inequality (something I'd love to see you address in a future video). With all things in life we must strive for balance, and Capitalism is not different.

nqobile madziba · July 13, 2018 at 4:17 am

More compay analysis

legendbjaj · July 13, 2018 at 1:32 pm

The problem with air bnb lies in the rising cost of rentals in big cities. Look at Germany where it became an issue that rich people who owned or bought extra apartments would get more money from air bnb as opposed to conventional renting out effectively running out poorer people. This is something to look at when considering a future shared economy as opposed to a ownership one.

The Anadromous Life · July 13, 2018 at 2:24 pm

As I understand it there is already a strange AIRBNB side effect of people not renting their apartments in order to turn them into AIRBNBs. This is jacking up prices because these places are off the market. While I basically like the idea of AIRBNB. Like all things there are strange side effects. Also in the event of an economic crash these will be first to be hit.

Meet Parekh · July 14, 2018 at 7:33 am

Hi simon hope u make this kind of videos on different startups and companies . . 👌