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How Airbnb Fell From Successful Startup to Crisis Mode

Once booming, Airbnb hits crisis as travel freezes and cash burns.

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A couple of weeks ago, we looked at how Airbnb hosts are struggling after the travel industry came to a standstill due to widespread stay-at-home orders. This video explains in greater detail why the once successful startup was so vulnerable to an economic downturn and what that means for both Airbnb and its hosts in the long term.

Questions:

  1. What factors made Airbnb so successful for nearly a decade?
  2. Do you think Airbnb will be able to recover from this current crisis? Why or why not?
Author: NickelsMcHughMcHugh