AirBnB has entered the “jack up prices” period of financialized tech companies. Their first period is to establish a monopoly using ridiculous amounts of capital. Then use that monopoly to make huge profits.

Unfortunately for AirBnB they couldn’t kill off hotels so they are trying to raise prices despite having a ton if competition. Hotels are now cheaper and provide a better experience 9 times out of 10.

Hope they go bankrupt soon and leave the big investors holding the bag.