How Airbnb Turned Hosts Into Real Estate Agents

Airbnb didn't just list homes, it created a new labor market. This episode explores how the company turned individual homeowners into professional real estate agents, building a valuation of over one hundred billion dollars without owning a single property. We look at the specific incentive structures, the data flywheel, and the regulatory battles that defined their growth strategy from 2008 to 2026.

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