Showing posts with label mobile apps. Show all posts
Showing posts with label mobile apps. Show all posts

2019-03-18

Airbnb Buying HotelTonight (video), Likely To Delay IPO

Airbnb Is Buying HotelTonight

Airbnb coming closer to a one-stop shop for travel by buying HotelTonight. Fortune Magazine video above published Mar 7, 2019.

Airbnb says it’s been profitable for two years straight, in preparation for an initial public offering (IPO) of shares. Airbnb is one of several unicorns reportedly preparing to IPO, including Uber, Lyft and WeWork. But Airbnb's IPO may not actually debut this year due to the HotelTonight acquisition.

Domains: airbnb.com and hoteltonight.com

A‌i‌r‌b‌n‌b‌, ‌I‌n‌c‌.‌ is a privately held global company headquartered in San Francisco that operates an online marketplace and hospitality service accessible via its websites and mobile apps. Members can use the service to arrange or offer lodging, primarily homestays, or tourism experiences.
  • Airbnb CEO: Brian Chesky (Aug 2008–)
  • Revenue: 2.6 billion USD (2017)
  • Number of employees: 3,100 (2017)
  • Founders: Brian Chesky, Nathan Blecharczyk, Joe Gebbia


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DISCLAIMER

2015-04-04

A Few Things Worth Reading

Many say forget ICANN--it's hopelessly conflicted and inept--and new gTLD domain names? Only tech oxymorons need more 1980s technology in the Mobile Apps Age of 2015! So, what do you really need to know about modern life and culture today? Bob Lefsetz starts us off--

Lefsetz Letter » Never Say Never: "Coke is in a tailspin, McDonald’s is dying, a star football player retires after one year of play, Apple offers twenty five TV channels for $30-$40 and SXSW is now a tech, not a music, festival. Dude, what happened to my country?".... The world will be saved by people. Who think. And lead thereupon....." (read more at the link above)

GoDaddy And The Eternal Optimism Of Retail IPO Punters - GoDaddy Inc. (NYSE:GDDY) | Seeking Alpha: "... Despite reams of historical evidence that most IPOs are overpriced and represent poor medium-term investments, there is an almost-unending stream of retail punters who jump into the next 'hot' IPO at almost any price, often on the basis of name recognition alone, only to be sorely disappointed in the months that follow... If GDDY was an early-stage growth company with an undefined 'blue sky' growth opportunity, these kinds of multiples and day-one enthusiasm would at least be explainable. But in response to the listing of a two-decades old business with a history of operating losses, a mostly mature (or at least maturing) market, a large majority of the share count yet to enter the float, the specter of numerous secondary offerings from motivated PE sellers; and, of course, listed comps trading at a fraction of the valuation, GDDY at $26 is beyond expensive..."

Facebook hosting doesn't change things, the world already changed — Remains of the Day"... The value of being a generalist as a reporter, someone who just shows up and asks questions and transcribes them into a summary article, is not that valuable. If you cover an industry, do you understand that industry? Take tech reporters as an example, many of them don't understand the underlying technology they write about. That may have sufficed in a bygone age, but it no longer does... Taking the time to become an expert in a domain still has value because it takes hard work, and that is also not a resource that is equally distributed in the world...."

11 Points A Somewhat Bearish Long Has Wrong About Google | Seeking Alpha"Advertising is how it has chosen to monetize the information flow it facilitates. In my eyes, the worst thing Google could do is get away from its position where it is comfortably collecting a royalty on the creation and flow of information."

How Super Angel Chris Sacca Made Billions, Burned Bridges And Crafted The Best Seed Portfolio Ever: ".... Camp, who sold StumbleUpon to eBay for $75 million in 2007, had the idea to make an app so his friends could book a black car to take them around town. He first called it UberCab. Camp’s friend and early advisor, the author Tim Ferriss, remembers that the idea seemed “ridiculous” to many outside the Jam Pad circle. “People who had the opportunity to invest laughed it off as this one-percenter vanity service,” Ferriss says. “Chris was not one of them. He had faith very early on.” Kalanick became a mega-advisor of sorts to the fledgling startup, and Sacca wanted a piece. The pair cemented the startup’s angel $1.3 million financing at the Truckee house, with Sacca ponying up $300,000, a large check for an $8 million fund. “I went all-in,” he says. More than just money, he helped negotiate Kalanick’s compensation and secure the Uber name from Universal Music Group. Lowercase would add another $400,000 worth of Uber at the Series A round in early 2011, led by Benchmark Capital’s Bill Gurley ..." (read more at the link above)
(emphasis added)

2015-02-01

Startup Focus: Stripe, Online Payments

Stripe: Stripe is a suite of APIs that powers commerce for businesses of all sizes. One touch to pay on iOS. Easy Apple Pay integration for business built on Stripe. Online payments and via mobile apps: "Stripe is a developer-friendly way to accept payments online and in mobile apps. We process billions of dollars a year for thousands of companies of all sizes."

domain name: stripe.com

Stripe's investors include Sequoia Capital, Andreessen Horowitz, and PayPal co-founders Peter Thiel, Max Levchin, and Elon Musk.

Address is 3180 18th Street, Suite 100, San Francisco, CA 94110.

More about Stripe: Stripe is the breakthrough startup of 2014: "... For Stripe, the year [2014] started off with the news that it had raised $80 million in funding at an eye-popping valuation of $1.75 billion and ended with the news that it had raised another $70 million at double that valuation. In between, the startup scored a number of high-profile partnerships including with Apple, Twitter, Alipay and others... Stripe used some of its funding to invest in international efforts; the service is now available in 18 countries. It also continued to build out its suite of supplementary services, including launching a tool that lets businesses charge customers in whatever currency they're comfortable with. "Everyone is kind of focused on the fact that we do payments and basing a lot of their assumptions about our business on that," Cordova says. "In reality, we are building the products and tools that help businesses run efficiently... without needing a 50 person tax and compliance team." That is what Stripe will be working to solve globally in 2015 and beyond. "We don't really see anybody else approaching the problem the way that we do and thinking about building the platform of Internet commerce," Patrick told me in our earlier interview. "We want to increase the GDP of the Internet."




2014-08-25

Are Domain Names Dinosaurs?

Google Trends - Web Search interest: domain name - Worldwide, 2004 - present:
graphic of Domain Name Google Search Trend 2004-present
"Domain Name" - Google Search Trend 2004-present 
Having questioned from the beginning all the hype and hokum that accompanied ICANN's new gTLD domain name extensions program, for example, how about this headline: Dawn of a New Internet Era by ICANN's Akram Atallah--no hyperbole there!--it's hard not to engage in a little schadenfreude at this point. The disappointing new gTLD registration numbers (particularly after you throw out the registry land grabs, the free domain name giveaways, the purely defensive registrations, and rampant cybersquatting) are self-evident. Even some of the biggest new gTLD cheerleaders in the domaining sphere are beginning to question the whole thing: here's a recent domainer blog headline: New TLDs: is it an awareness, acceptance or demand issue?

And for those affiliated with the new gTLD registry operators, stress and desperation have now come into full view. One has even resorted to advertising on a LA public transit bus (BTW the farthest thing from sexy in LA is a public transit bus--I know, I've lived there). What's next, advertising new gTLD domain names in public restrooms? LOL! Maybe we are beginning to get an idea of what Akram really meant by "Dawn of a New Internet Era."

The sad thing is the new gTLD proponents "don't get it" and never have. Most are hopelessly lost in their outdated ways of thinking. It's 2014 people! The poor unfortunates trapped on the new gTLDs bus apparently think .COM is their great enemy, that if ONLY they could tear down and destroy .COM, their problems would all go away. What they don't understand is that .COM is not their competition. .COM is in a different class altogether than the new gTLD domain name extensions. In the domain name marketplace, new gTLDS are competing in the second tier domain name space which is dominated by .NET, .ORG and ccTLDs. And even more challenging, domain names altogether are increasingly irrelevant. Need a web page? Facebook or Google or Amazon or Tumblr or Twitter or LinkedIn or Pinterest (and many, many others) will gladly provide you a web page with its own distinct URL, on an easy to use platform with lots of traffic, accessible on any device, including mobile devices through a native app, all for free! So the real competition for new gTLDS are Facebook et al, and apps--a "Billion-Dollar Trend" that alone is a major domain name killer--

Billion-Dollar Trends - Business Insider: "... Chris Dixon argues that people have basically stopped using the mobile Web and now exclusively use apps..." [Note to the new gTLDs' promoters--it's a waste of time and money to tell people to use "http://____.newgTLD" on their iPhones (because the Safari browser won't navigate to new gTLD domain names otherwise)--consumers aren't going there anyway, they are on their apps, plus using "http://___" on the side of a bus in 2014 looks stupid! Where have you been living the past 10 years, some remote island?]

With native apps, a website is optional for developers, they can just list the app on the app store--

The decline of the mobile web | chris dixon's blog: "... Apps are heavily controlled by the dominant app stores owners, Apple and Google. Google and Apple control what apps are allowed to exist, how apps are built, what apps get promoted, and charge a 30% tax on revenues. Most worrisome: they reject entire classes of apps without stated reasons or allowing for recourse... Sadly, this is where we’re headed on mobile...."

And for most app makers, the news is getting worse--

Most smartphone users download zero apps per month - Quartz: "Almost all smartphone owners use apps, and a “staggering 42% of all app time spent on smartphones occurs on the individual’s single most used app,” comScore reports" (see also the 25 most popular mobile apps in America).

So who needs a website, or particularly, who needs a new gTLD domain name website? If it's direct navigation you are seeking, or a recognized, trusted domain name you want, most people know a .COM domain name is best--the "gold standard"--(or if you are outside the U.S. and only seek a national audience, then a ccTLD might do). See: Why dot com will always be the gold standard of domain names - YouTube

Final note: is it really that hopeless for the mobile Web? Well, there is something coming, but it won't save the new gTLDs. Nothing will save the new gTLDs--most will fail. Why? Because the whole new gTLDs process was dysfunctional, driven by greed and conflicts of interest, without any consideration of demand, need, or the public interest. Even Jon Postel, by himself, would have done a better job than ICANN with new gTLDs. What would Jon have done? Well it depends. Jon wrote in 1994: "In the Domain Name System (DNS) naming of computers there is a hierarchy of names. The root of system is unnamed. There are a set of what are called "top-level domain names" (TLDs). These are the generic TLDs (EDU, COM, NET, ORG, GOV, MIL, and INT), and the two letter country codes from ISO-3166. It is extremely unlikely that any other TLDs will be created." Later, John Gilmore said, "Jon’s initial design would have expanded to dozens of TLDs long before ICANN, and increased them by 50 or 100 a year until demand slacked off" (source: It’s time for ICANN to go - Salon.com July 2002). Demand? Jon was thinking about real demand--from actual domain name registrants who wanted to build something, not cybersquatters or speculators nor wholesale speculation and pre-emptive registration of thousands of domain names by registry-registrar operators or affiliates. It is obvious in the wanton expansion from just 22 gTLDs to more than 1000 gTLDs in just a few months, ICANN didn't really think about any of this nor many other things, or just didn't care. After all, as has been noted, when it comes to ICANN and the new gTLDs, it's all about the money.

ClaimICANN New gTLDs: "One of ICANN's key commitments is to promote competition in the domain name market while ensuring Internet security and stability."

Fact: ICANN has damaged the competitive domain name marketplace, and degraded Internet security and stability, by its incompetent and irresponsible flooding of the domain name ecosystem with more than 1000 new gTLDs [see ICANN: "the internet will explode"].


--John Poole, Domain Mondo





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