Sonder has been bleeding cash ever since it went public (via SPAC). https://companiesmarketcap.com/cad/sonder/cash-on-hand/ https://companiesmarketcap.com/cad/

Sonder has been bleeding cash ever since it went public (via SPAC). https://companiesmarketcap.com/cad/sonder/cash-on-hand/ https://companiesmarketcap.com/cad/sonder/cash-on-hand/ It's agreement with Marriot was "completed" in August 2024. It was absolutely a hail mary. While they might describe it as a integration failure, I think what they were actually hoping for was: a) integration into Marriot's reservation system would reduce operating costs. From my user perspective, it looked like the Sonder system got completely replaced (like I had to make a new account and upload new ID...). b) "Somehow" the Marriot integration would lead to increased bookings. Both their 2025 and 2024 annual filings indicate that they were well aware of where things were going. Honestly, the filings don't really paint an optimistic picture of their ability to succeed, even with the Marriot deal.