Airbnb's stock crashed during COVID as people avoided staying in strangers' homes, then soared when vaccines enabled remote work and long-term rentals. The shift let people live in new places for weeks or months, challenging what home means and sparking pushback from hotels.
Chapters
Yeah. So let's, let's talk about that in terms of the context of change, not, not specifically highlighting Airbnb, right? Yeah. So when the pandemic hit, Airbnb stock went plummeting down and people like, I'm not going to go in somebody's home. But what happened once the vaccine started coming out and people started traveling again? Airbnb skyrocketed because people wanted to be on the move. And as it was more and more acceptable to work anywhere at any time, people were living in Airbnbs for a week, for a month, for a year, and they were living in the country in places where they didn't even know existed before they found it on Airbnb, right? So yeah, Airbnb has some challenges because it is upending our understanding of what you do with— what does a home actually mean? Where are you living? So yeah, I think Airbnb will meet the challenge. But yes, there's always resistance to change when you come up against the hotel industry,