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if somebody did that because at the end of the day they're still getting you users
it's very similar to to Ubers or lifts it's give 25 get 25
we saw that lo and behold since uh milwa uh Minneapolis and the Twin Cities there was a lot of people opening hotel tonight there for some reason who knows why um so we built that City like it was like our eighth or ninth City but much earlier than we would have
we wanted to uh not provide any reason why you wouldn't want to sell a hotel wouldn't want to sell a hotel uh their last room on hotel tonight
first day we actually took 20% early on and then we reduced it uh to standardize it
we take 15% um that's our business model
being better and constraining yeah better and different better and different
the better was you know the order magnitude less Taps to book the hotel room the better was the best prices on the planet um 30% lower than walking into the hotel 20% lower than any OTA even to this day
we were aligned not only with the interest of the hotel and in the interest of the business but also with the individual who's making the decision and then we had a lot of Sizzle we had a mobile app before a lot of people had mobile apps
we would get uh go into a hotel and they would have just hung up the phone with one more group on clone and they said we don't want to talk to you because you're just another group on clone ... it was refresh ing for them to hear something new that wasn't we're just like Groupon only cheaper they didn't want to hear that
it's very similar to to Ubers or lifts it's give 25 get 25
it works really well for Uber that's because they have a killer product
I think that having especially Twitter so Facebook fans I don't think are valuable anymore but uh Twitter followers are somewhat of a a mark of credibility of a business you know one of the things I do is um if a a company has um uh has uh you know is is looking to raise money then I'll go and see their Twitter account if they have like two followers right that just doesn't bode well for me right anybody out there can go get a couple hundred followers and also like if you're going to like be on
the fraud rate on Apple pay is astronomically low U it's almost not even trackable uh Apple pay works really really well from that perspective which is great to see good leading indicator
because Apple sort of has us on uh on assistance whenever we need um we'll help Apple out with stories like they had the story about the number of jobs that were created
Apple will you know wants to promote really good apps you if you talk to the people at Apple they say that there are just not there are a lot of apps there's very few really good apps
Uber had the same issue around on I guess New Year's they double the price or triple the price so that they you know the drivers who do double and triple their prices what are they going to do they have the same exact issue so what's the lesson there for you guys you have to just do a massive job communicating it yeah I think we'll look again at you know is it so I think the issue is that the person who booked the hotel didn't uh actually see the message right so that was an odd situation that y
this is something that Airbnb sort of championed right like they went out and did the photos of people's places so that the photos were big and beautiful and gorgeous