We saw applications such as Airbnb and Uber come on like a storm. However, they struggled to make money.
In this video I discuss how things are getting very tough for these platforms and how things might change in the future.
▶️ 3Speak
We saw applications such as Airbnb and Uber come on like a storm. However, they struggled to make money.
In this video I discuss how things are getting very tough for these platforms and how things might change in the future.
▶️ 3Speak
Indeed, 3speak needs a dapp. The video could not be completed , each time it trips off my browser..
On the subject, it's sad that some projects are conceived without strategizing how the project could thrive in trying times.
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Summary:
In this video, Task discusses the recent announcement by Airbnb to lay off 25% of their workforce, amounting to roughly 1,900 employees. He compares Airbnb's situation to that of Disney, highlighting the impact of the current economic crisis on the travel and tourism industry. Task delves into the history of tech companies like Airbnb and Uber, touching on their struggles to become profitable and drawing parallels to the dot com era. He emphasizes the need for companies to adapt their business models in times of crisis to survive and speculates on the future of Airbnb and similar companies post-pandemic.
Detailed Article:
Taskmaster4450 opens the video by addressing the recent announcement from Airbnb regarding their decision to lay off 25% of their workforce, which amounts to about 1,900 employees. He notes that this move is not unexpected given the current economic climate, citing Disney's decline in their theme park and cruise division by 58% for the first quarter and the impact of the closure of Disney theme parks and cruise ships.
He then shifts the focus to discuss Airbnb, Uber, and other tech companies that have revolutionized industries but struggled to turn a profit. Drawing parallels to the dot com era, Task reflects on how a financial crisis can lead to questioning of business models, citing examples of startups from prestigious schools that failed to materialize despite significant funding.
Task highlights Airbnb's unique approach of disrupting the hotel industry by allowing individuals to rent out rooms or properties, likening it to Uber's transformation of the taxi industry through its app-based service. While acknowledging the validity of their concepts, he notes the challenges these companies face in staying afloat during an economic collapse.
Discussing the impact of the current crisis on companies like Airbnb and Uber, Task speculates on their survival prospects and the need for them to adapt their business models to the changing landscape. He suggests that while the focus is currently on crisis management and bailouts by the Fed, opportunities may arise for new startups with innovative solutions to gain market share.
Taskmaster4450 concludes by posing questions about the future of companies like Airbnb and speculating on whether they will emerge in a renewed form post-pandemic. He underlines the importance of adaptation and innovation in times of crisis, emphasizing the uncertainty that lies ahead for the travel and tourism industry.