Airbnb raises $1B at $31B valuation, became profitable in 2016
I&#x27;m not surprised to see Airbnb became profitable. They&#x27;ve expanded everywhere. I nomad around and always use Airbnb, I&#x27;ve booked places on several continents.<p>However, I&#x27;m definitely feeling the effects of their growing pains. For example, many people have bought places to only rent on Airbnb full-time. Most of these people suck at being an hotelier. It&#x27;s clear people get lazy and are just trying to make money.<p>Think about how many hotels you&#x27;ve stayed at that were less than stellar? It&#x27;s hard to have a good hotel with full-time staff. It&#x27;s much harder when it&#x27;s just you on the side, renting some place. I&#x27;ve been to many horrible Airbnb&#x27;s that I had to checkout of early, and go find a new place last minute.<p>Unless, they fix this and get more people to review honestly. I think they&#x27;re going to run into a lot of problems.