Short-term accommodation booking platform Airbnb has filed a prospectus for a $1 billion initial public offering, or IPO, with the United States Securities and Exchange Commission on Nov. 16.
Hidden away in the 350+ page document is a half page dedicated to the risks of not being able to adapt to changes in technology. The document reels off a list of buzz-words that savvy investors may want to be sure are under consideration:
“Our future success will also depend on our ability to adapt to emerging technologies such as tokenization, cryptocurrencies, new authentication technologies, such as biometrics, distributed ledger and blockchain technologies, artificial intelligence, virtual and augmented reality, and cloud technologies.”
The very next paragraph goes on to explain that the “ability to integrate new or emerging payment methods” is a critical component of future success. However, the only methods listed are Alipay, Paytm and WeChat pay.
While these systems are clearly important, especially in offering access to the