In 2022, Airbnb CEO Brian Chesky reflected on the company's remarkable journey through the pandemic. “Some of the best companies are born in recessions, they're born in crisis; adversity will make great companies better if they can make it through,” he said. Airbnb was founded during the global financial crisis, and it was reborn twelve years later during the pandemic. They made it through extreme adversity in 2020, and they’re a much better business for having experienced it. Why? The pandemic compelled Airbnb to pivot towards operational efficiency and profitability. The company ...
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