A Viral Post Says Airbnb Is in Trouble. Should Investors Be Worried?
Airbnb (NASDAQ: ABNB) has long been a lightning rod for controversy.
Local communities have pushed back against the vacation rental platform. Hotel operators have protested it, and critics have accused the company of driving up real estate prices by using housing stock for tourists rather than local residents.
The animosity has gotten bad enough that some openly root for Airbnb's demise, and that seemed to be the case again after Twitter user Nick Gerli, CEO of Reventure Consulting, claimed demand for Airbnbs in some popular destinations had plunged in May.
Source Fool.com
