I can't tell; did this guy lose 50% of his $1200 or not? If he did and AirBnB is just keeping it, shame on them. That's gross incompetence and people should rightly boycott. If he didn't, he should fix the article to show that in fact AirBnB isn't grossly incompetent.
Hi, I didn't lose anything. I said if I cancel I'd lose 50%, if they cancel they lose 3%
Frankly, it's a bad experience for the host and guest, which is why I'm not convinced it happens all that often with hosts who have more than zero reviews. If you book a place with zero reviews, I think it's MUCH more likely to happen, as newer hosts are probably less likely to understand how Airbnb works.