It's kind of amazing that AirBnB requires that much money to operate but I guess I need to read the s1.
Uber/Airbnb don't need near the amount of product/engineering they actually have.
AirBnb is...a database of static listings and a search engine on top. Their top technology problems were all solved by Expedia like 20 years ago.
They have thousands of engineers sitting idle or making pet projects, struggling to justify their existence, as regularly attested by internal employees when an article pops up.
Expedia, hotels.com. booking.com and most airlines are handling more requests than Airbnb in more challenging environments.