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.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.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.Unless, they fix this and get more people to review honestly. I think they're going to run into a lot of problems.