Not only do Airbnb not have a magic money tree - they don't have a pot to p*ss in either, and despite all the hype/lies, haven't had for some time. In fact, the top brass were hauled before the board several months ago, to answer hard questions about where all the funds have been heamorrhaging to.
All you oh-so-sorted Airbnb/business experts out there who have been endlessly eulogising and pontificating to your fellow hosts who are being annihilated by Airbnb's arbitrary and abusive policies, about "sorting the wheat from the chaff" and "doing the right thing"... please do feel free to pile on here with your scorn and your scolding for your noble, inspirational, visionary Airbnb Masters themselves. Knock yourselves out and give them a good old lecture (series of lectures) now on their rainy-day funds, and living beyond their means, and planning for the future, and the shame of living paycheck to paycheck etc. etc. I'm sure our Founding Fathers will be every bit as touched and heartened as your decimated fellow hosts have been, by the levels of your loyalty, solidarity, compassion, support and humanity you've displayed in these difficult times.
I'd bet my life the head honchos are now bitterly regretting their decision to not require that guests take their own responsibility for their own travel mishaps/disruptions by purchasing their own comprehensive travel insurance, but rather, consciously elected to force hosts to act as the guests' free travel insurance provider instead, thereby boosting goodwill, brand reputation and future business for the company itself, entirely at hosts' expense. Must have seemed like such a shrewd, cunning plan at the time it was concocted - steal a march over the competitors, while simultaneously dumping 100% of the risks and expenses on the heads of the service providers (ie hosts) (Genius move! What's not to love for the upwardly mobile, go-getting young unicorn??) Unfortunately though, that sort of shady, manipulative behaviour and unethical business practices will always come back to bite you in the arse, sooner or later - as Airbnb are currently learning, to their cost, and to their detriment. Every dog has its day.
Airbnb Halts Hiring And Marketing - Investors Say Its Future Uncertain
https://www.businessinsider.com/airbnb-halts-hiring-marketing-report-2020-3?r=US&IR=T
Airbnb To Halt All Marketing, Most Hiring, As Losses Mount
https://www.theinformation.com/articles/airbnb-to-halt-all-marketing-most-hiring-as-losses-mount