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Did you see https://venturebeat.com/2018/02/07/airbnb-reportedly-built-an-internal-hedge-fund-that-makes-5-million-per-month/ of course what they don't mention is that the hedge fund manager, just walked away. So their supposed earnings of $93 million last year was actually only $33 million, the rest was made by the fund manager, who just LEFT. So basically, about 65% of their profit is actually being made from the float.... all those transactions and hardly a profit... and they are taking 14% on each transaction.
Did you see https://venturebeat.com/2018/02/07/airbnb-reportedly-built-an-internal-hedge-fund-that-makes-5-million-per-month/ of course what they don't mention is that the hedge fund manager, just walked away. So their supposed earnings of $93 million last year was actually only $33 million, the rest was made by the fund manager, who just LEFT.
So basically, about 65% of their profit is actually being made from the float.... all those transactions and hardly a profit... and they are taking 14% on each transaction.
