Airbnb During the Covid Pandemic: Stakeholder Capitalism Faces a Critical Test
When the Covid pandemic spread in early 2020, global travel came to a standstill. For San Francisco-based home rental platform Airbnb, the impact was swift and severe, with revenues plummeting more than 70% year-over-year. Responding to the sudden recession was a challenge for CEO Brian Chesky and his leadership team as the company followed a …