At the beginning of the month, Brian Chesky, the co-founder and CEO of Airbnb said something,

you don't often hear co-founders and CEOs say.

He said his house was a total mess.

Chesky told a Bloomberg reporter that the foundation of Airbnb was basically broken,

that the site was 10 times as big than it was eight years ago,

and there weren't enough pillars holding up its 7 million or so listings around the world.

Prices out of control, inaccurate listings, bad customer service,

all is coming from the CEO.

But Airbnb's problems aren't limited to its service.

There have been Airbnb bans and restrictions passed all over the world,

the latest in one of its biggest markets and its biggest country.

We're going to hear how that's going,

and if this beloved service can work a bit better for everyone,

on today's plane.

There's nothing.

And we're in the public door, please.

The next stop will be today's plane.

Today's plane will be next.

Stand here.

According to CEO of Airbnb, New York City accounted for roughly 80% of its business around 2010.

Compare that to 2023, when New York City just last month placed a severe restriction

on short-term rentals, decimating Airbnb's business there.

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