What weaknesses do you see that Airbnb should be concerned with? How has Airbnb performed financially...
What weaknesses do you see that Airbnb should be concerned with? How has Airbnb performed financially for its owners?
Homework Answers
Answer: One of the major weaknesses of Airbnb is the vast network that the company has created. This network contains many players that are non reliable and it is not easy for the company to monitor and manage them. This has resulted in a number of violations of the housing laws and regulations by the Airbnb partners in different countries. The company needs to focus on to streamline and monitor its partners more effectively. The company has performed well till now for its owners and in the first quarter of this year itself its growth rate was over 30%. The annual revenues of the company in 2018 stood at $ 3.6 billion. The company has $ 3.5 billion of cash on its balance sheet and it is planning to go public in the year 2020. This indicates that the company’s performance have been tremendous for its owners.
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What weaknesses do you see that Airbnb should be concerned with?
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