How Airbnb Fell From Successful Startup to Crisis Mode
home-sharing giant just cut 25% of its workforce and expects revenue to be less than half of what it was in 2019
Airbnb was supposed to be the hottest public offering of 2020. Instead, the home-sharing giant just cut 25% of its workforce and expects revenue to be less than half of what it was in 2019. WSJ’s Preetika Rana explains what made the company so vulnerable. PHOTO: Stephanie Swart for the Wall Street Journal
Thinking about this pandemic and how it effects the sharing economy. Yes, the numbers fell drastically but that’s because we were told to stay in the house. Airbnb planned on going public this year, now they’re in a position to show the world they can come back and have 2 successful quarters by targeting guest to stay longer. It’s going to be a wild ride. Adaptation is key. You start dying when you stop dreaming.
