Inside the Strategy Room cover image

90. The 21st century corporation: A conversation with Brian Chesky of Airbnb

Inside the Strategy Room

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The Rise and Fall of Airbnb

James Carville: After the layoff, we started getting these really interesting indications in our data that we weren't expecting. We took $250 million of our own balance sheet and we gave it to host to help them make it through. By June, we started seeing bookings picked up. And I think two things happened. One, we moved quickly enough to position the ship to steer in the right direction. Two, I think what was revealed is we had a fundamentally adaptive model.

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