Airbnb CEO Plans to Fix Broken Company, Considers Year-Long Rentals Despite Crackdowns and Criticism

Airbnb's CEO, Brian Chesky, acknowledges that the company is broken and plans to fix it. He suggests that Airbnb could offer year-long rentals, despite cities cracking down on short-term rentals. The company has faced criticism and complaints from users. In New York, the ban on Airbnb has led to a black market for short-term rentals, with illegal listings being advertised on social media and lesser-known platforms. However, Airbnb sees an opportunity in the upcoming 2024 Paris Olympics, expecting to host up to half a million people and urging Parisians to put their homes up for rent. Chesky believes that more listings will help contain prices and prevent accommodation from becoming unaffordable for some visitors.