Airbnb raises $1B at $31B valuation, became profitable in 2016
I'm not surprised to see Airbnb became profitable. They've expanded everywhere. I nomad around and always use Airbnb, I've booked places on several continents.<p>However, I'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's clear people get lazy and are just trying to make money.<p>Think about how many hotels you've stayed at that were less than stellar? It's hard to have a good hotel with full-time staff. It's much harder when it's just you on the side, renting some place. I've been to many horrible Airbnb'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're going to run into a lot of problems.