An Australian court has ordered Airbnb to pay a $10 million fine in compensating customers who had been unaware they were being charged in U.S. rather than Australian dollars.
It’s a fantastic idea on paper; you, and another family, want to go on vacation but want to be more comfortable than in a hotel while renting your homes out while you’re gone so someone one else gets the same comfort and you get to make a little of money to help pay for the vacation. And everyone saves a little on their vacation accomodations to boot. Everyone wins! And then capitalism and greed happened and people turned the rentals into a business and ruined it.
It’s a fantastic idea on paper; you, and another family, want to go on vacation but want to be more comfortable than in a hotel while renting your homes out while you’re gone so someone one else gets the same comfort and you get to make a little of money to help pay for the vacation. And everyone saves a little on their vacation accomodations to boot. Everyone wins! And then capitalism and greed happened and people turned the rentals into a business and ruined it.
So, as usual?