Airbnb banked on short-term rentals. Can it continue without them?

This story was originally published in July 2020. Just over a year ago, Lyric was riding high. On the heels of a $160 million funding round led by Airbnb, the short-term rental startup was plotting a massive expansion in the spring of 2019. Employees mused about buyouts and stock options. “It was a big deal,” said a former Lyric executive who asked not to be named. “We were depending on a fundraise to grow the

source https://therealdeal.com/2020/08/05/airbnb-banked-on-short-term-rentals-can-it-continue-without-them-2/