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Everybody has known that for awhile, even without perusing a prospectus. Airbnb convinced travelers to part with 100% of their booking cost up front and then they pay out the required amount to hosts when the stay actually occurs. Additionally Airbnb charges both sides of the booking (guest & host) a separate service fee.
Cost of Goods Sold (COGS): AI-powered agents are enhancing margins by automating large-scale manual tasks. This includes site reliability co-pilots, cloud cost optimization tools, and AI-driven customer service solutions. Goldman Sachs CEO recently suggested that AI could take over writing IPO prospectuses.
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