I'm a little late to this but here's my bull case/bear case.

Bear: This isn't an amazingly innovative or groundbreaking idea, so it seems like if it was going to be a game changer they would've done it a long time ago. Feels more like desperation. Like picking some old things up from the cutting room floor. Perhaps a way to hide trouble in paradise. Also, the idea that people are dying to find more services and "experiences" to spend their money on just feels very 2010s millennial vibes.

Bull: As the economy deteriorates more, people will be looking for new ways to make side income through gig work and side hustles. Airbnb's existing market share will instantly make it the central marketplace for people who don't want to do Uber or Doordash. The problem with this bull case is that if the economy does in fact deteriorate, who's going to pay for all the services and experiences? The top ten percent will not float the entire economy forever.

Rating: Mostly Bear

Now you can Airbnb more than an Airbnb https://t.co/UBz4unyrzU

Brian Chesky

I'm a little late to this but here's my bull case/bear case.

Bear: This isn't an amazingly innovative or groundbreaking idea, so it seems like if it was going to be a game changer they would've done it a long time ago. Feels more like desperation. Like picking some old things up from the cutting room floor. Perhaps a way to hide trouble in paradise. Also, the idea that people are dying to find more services and "experiences" to spend their money on just feels very 2010s millennial vibes.

Bull: As the economy deteriorates more, people will be looking for new ways to make side income through gig work and side hustles. Airbnb's existing market share will instantly make it the central marketplace for people who don't want to do Uber or Doordash. The problem with this bull case is that if the economy does in fact deteriorate, who's going to pay for all the services and experiences? The top ten percent will not float the entire economy forever.

Rating: Mostly Bear
https://x.com/bchesky/status/1922364651775385999

I'm sure there's good intentions behind this new phase, but to your point about desperation, it's clear to me this comes from the "we need to make sure our Q2 revenue exceeds Q1, so launch something then we'll pivot again in a few months" playbook.