from Hacker News

Uber Is Going to 0, and Benchmark Knows It

by mailarchis on 12/6/17, 5:16 PM with 7 comments

• by Spivak on 12/6/17, 7:16 PM

  This article goes off the rails when it starts praising Airbnb. Most the arguments levied against Uber could equally apply to Airbnb.

  I don't really know how you start with the premise that travel isn't a race to the bottom. If you think customers have zero loyalty toward hired cars then you haven't dealt with travel customers. Business notwithstanding, travel a typically a large expense in both money and time. Customers will aggressively shop for the lowest prices and Airbnb is just one category of alternative for customers looking to travel -- BnBAir isn't even close to their biggest threat, although the rise of meta-travel agencies does suggest that it might be in the future.

  Also, hotels list on many different travel sites. Why wouldn't AirBnB hosts? It's basically zero cost for potentially more customers. Hell hosts would probably be willing to list on 10+ individual sites for all it costs them.

• by gpsx on 12/6/17, 8:05 PM

  "Moving first is a tactic, not a goal….It’s much better to be a last mover."

  That reminds me of the fact that I always find things in the last place I look.