Lyric, an Airbnb-backed hospitality startup that raised $180 million, is offloading its final property to a competitor as its founder turns to focus on software business
The company, which slashed staff and cut costs as travel and hospitality was battered by the global pandemic, plans to fight a potential adjustment. The issue, first noted in the "risk factors" section of the filing, could have a serious impact on the company's financials.