Site Supporter ++
- Jul 31, 2010
- Reaction score
- clown world
Airbnb ipo’d today.
i've had a front row seat for that eventuality. i was one of the pioneers of the vacation rentals by owner in my area.
nyc vipers bought up all of the websites that i advertised on, combined them, jacked up their fees, demanded the customer pay them instead of me, etc. i saw the writing on the wall and bailed out. i know people that hung on and saw their profits eroded/eliminated
they killed off almost all of the competition in the market.
now the ipo and nyc vipers reap massive gains for destroying the free market