Winners & Losers in the AI Agent Economy (ABNB, GOOGL, PGR, BKNG, & more)

Hosts argue AI-agent fears have overhit travel, insurance and card-network stocks while underpricing a genuine, slower-building threat to Google Search.

• Travel aggregators hold up: Hosts argue Airbnb, Booking Holdings and Expedia are safer than markets think—Muse defaulted to Airbnb/VRBO listings for 14 of 15 Orlando stays despite direct sites being $15/night cheaper.
• Google Search is the real risk: Both hosts flag Google's paid search as most exposed; Brett notes he uses Google Search '90% less than three years ago' yet ad revenue hasn't shown cracks yet.

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