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Airbnb CEO Brian Chesky wants hosts to lower their prices

Eugene Gologursky—Fast Company via Getty Images

Airbnb CEO Brian Chesky has expressed his dissatisfaction with the company's growth and called for hosts to lower their prices1. Chesky admitted that Airbnb's system was designed for a much smaller company and that the platform has grown too quickly without getting the foundations right first1. He is optimistic that the company's overhaul will fix some of the lingering problems and make it a materially better service by next travel season1.

Chesky's comments come amid a period of change for Airbnb, which has faced criticism over racism and other forms of bias on the platform2. The company has rolled out several new anti-discrimination measures, including a new mechanism for filing bias-related complaints2. Chesky has also been forced to address the issue of success and happiness, stating that most people imagine reaching their career goals will result in lifelong happiness, but the opposite was true for him3.

The incident highlights the challenges facing startups in scaling too quickly without getting the foundations right first and the need for effective measures to address issues of racism and bias on the platform.Key facts:

  • Airbnb CEO Brian Chesky has expressed his dissatisfaction with the company's growth and called for hosts to lower their prices1.
  • Chesky admitted that Airbnb's system was designed for a much smaller company and that the platform has grown too quickly without getting the foundations right first1.
  • The company has rolled out several new anti-discrimination measures, including a new mechanism for filing bias-related complaints2.
  • Chesky has also been forced to address the issue of success and happiness, stating that most people imagine reaching their career goals will result in lifelong happiness, but the opposite was true for him3.
  • The incident highlights the challenges facing startups in scaling too quickly without getting the foundations right first and the need for effective measures to address issues of racism and bias on the platform.

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