Our Q1 results are in:
102M nights booked
$1.5B revenue (70% Y/Y)
$(19)M net loss
$229M Adjusted EBITDA
$1.2B free cash flow
2 years ago, our business dropped 80%, our IPO was put on hold, and some didn’t think we’d make it at all.
Here’s how we turned Airbnb around:
All are mad about the #ETH gas prices because of @BoredApeYC… BUT one of the most valuable collectibles of the blockchain space were sold. And you are pissed about a few bugs for transaction costs - how much would you pay for buying a #vangogh or #monet ?
We talk all the time about TradFi institutions buying our DeFi bags
But I think the real "institutional bid" won't come from TradFi - It's will come from DAOs
A short 🧵 on DAOs as DeFi's smart money & the trend of DAOFi as a whole
Ethereum will undergo a 90% cut of daily emissions from 12,000 $ETH a day to 1280 $ETH
Yearly inflation will go down from 4.3% to 0.43% the equivalent of three halvenings *at once*
Meanwhile rewards for PoS validators will go up from 4.5% to 10-15% in the months after The Merge