I think they need to sharply pivot to some very different products or else fold and return investor money.
What is their guarantee to guests? What prevents them from being a target for scams to collect host insurance? What statistics can they provide us about the wellbeing of all past guests and hosts?
If I'm going to rent out a room or a flat for the prices they advertise -- but apparently I better have an extra $50K of insurance before doing so -- is the two or three digit per night rent really worth it? This new guarantee sounds like an admission of failure.
What is their guarantee to guests? What prevents them from being a target for scams to collect host insurance? What statistics can they provide us about the wellbeing of all past guests and hosts?
If I'm going to rent out a room or a flat for the prices they advertise -- but apparently I better have an extra $50K of insurance before doing so -- is the two or three digit per night rent really worth it? This new guarantee sounds like an admission of failure.