'Tosi, who turns 50 next week, was focused more on cutting costs and pursuing businesses that were revenue-generating instead of world-changing, they said.'
For now, Airbnb has the luxury to make these kinds of decisions, but they can't exist in the world of paper valuations forever. A lot of the 'world-changing' things they've been working on seem a lot more targeted at the luxury market than transforming the industry as a whole (luxury retreats, premium business products, experiences that cost $200+). Will be interesting to see how this plays out..
For now, Airbnb has the luxury to make these kinds of decisions, but they can't exist in the world of paper valuations forever. A lot of the 'world-changing' things they've been working on seem a lot more targeted at the luxury market than transforming the industry as a whole (luxury retreats, premium business products, experiences that cost $200+). Will be interesting to see how this plays out..