The Peak Daily Break it off š- The end appears near for Sonder, Clio nets a $5 billion valuation.
Nov 11, 2025
The fate of Sonder seems precarious as its partnership with Marriott comes to an end, raising questions about the future of the apart-hotel model. Meanwhile, Clio reaches a staggering $5 billion valuation, showcasing how AI's role in legal work is transforming the industry. Additionally, Canada faces a setback in its measles elimination status amidst vaccination concerns. In other news, Warren Buffett announces plans to step back from his annual letter and ramp up charitable contributions.
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Sonder Booking Cancellation Personal Story
- Alex Blumenstein shares a personal story about Sonder canceling his group's bookings two weeks before a bachelor party in Washington, D.C.
- The cancellation illustrated reliability problems that frustrated loyal customers.
Profitability Pitfall Despite Growing Market
- Sonder struggled to reach profitability and faced accounting errors that crushed investor confidence after its SPAC listing.
- Its fall highlights that apart-hotels can succeed even if individual pioneers fail.
Apart-Hotels Growing Despite Sonder's Fall
- Apart-hotels are gaining popularity as a middle ground between Airbnb and hotels and boost room capacity without new hotel builds.
- That market growth makes Sonder's collapse especially ironic.