In November 2020, short-term rental startup Domio shut down and began selling its assets after failing to secure $10 million in additional capital. The company laid off the majority of its staff earlier that month, though the exact number of employees affected was not specified. Founded in 2016, Domio operated in the competitive short-term rental industry but faced significant challenges, including scrutiny over renting apartments under pseudonyms on Airbnb, which led to the suspension of its accounts. The co-founders had resigned in late September, and the company's closure marked the end of its operations amid financial struggles in the hospitality and real estate sectors.
