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In October, layoffs claimed an estimated 40 percent of the staff, and CEO Tony Espinoza announced his departure — giving an opening to competitors like Be Welcome and Hospitality Club.
Although the company has initiated a doubling down on mobile, the experience of users like Riccardo might suggest another path to profitability. The almost decade-old Couchsurfing, which is available in 100,000 cities across the globe, is becoming the go-to hookup app for a certain class of young world travelers.
(Riccardo and other Couchsurfing users quoted in this article asked to be identified by pseudonyms.) On the business front, the crowdsourced hospitality site has been experiencing a rough patch lately.
After a controversial transition to a for-profit model in 2011, which brought million in funding in the past two years, growing pains have set in.
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