Is SONDER Going Under? Airbnb Businesses Slashing Staff

Summary

James Svetec discusses how large Airbnb arbitrage companies like Sonder and Lyric are vulnerable in crises like pandemics because their business model requires constant reinvestment in growth, leaving them with little cash on hand. He contrasts this with a co-hosting/management fee model where income can be earned while growing, providing greater stability and long-term potential for smaller operators.