Airbnb rival Sonder Holdings to file for bankruptcy
1. Sonder Holdings to liquidate US business, citing partnership loss with Marriott. 2. Company plans Chapter 7 bankruptcy and insolvency proceedings in other countries. 3. Unexpected challenges and financial losses led to the decision to wind down operations. 4. Sonder shares plummeted 60% after the announcement, closing at $0.20. 5. Travelers faced disruptions as Marriott ended bookings with Sonder abruptly.