Transcript of Chesky podcast

"Among the things that broke, he said, was that Airbnb had $1 billion in guest reservations in its kitty, guests were clamoring for refunds, and probably half of its hosts were dependent on payments from Airbnb that never came to pay their mortgages.

For health reasons, so guests wouldn’t feel compelled to travel, Airbnb offered them full refunds, outraging hosts. Airbnb eventually came up with a $250 million fund for hosts to get some compensation for cancelled bookings, and a $15 million fund for superhosts, which includes $5 million from new investors Silver Lake and Sixth Street partners"

Thanks for sharing this.


Anyone actually got that 25% yet?

I know a host who did but they don’t post here.