Hospitality is supposed to be about comfort, leisure and service, not guests using words like “stranded” or “homeless.” Yet those were the terms popping up in headlines this week as Sonder’s collapse rippled through buildings around the world. The short-term rental operator, once a proptech darling and a $2 billion public company, announced it’s preparing to file for Chapter 7 liquidation in the U.S., with parallel insolvency proceedings abroad. Operations ceased almost immediately. The collapse didn’t come out of nowhere. By the time interim CEO Janice Sears stepped in earlier this year, the company was juggling $1.5 billion in liabilities […]

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