Airbnb CEO Brian Chesky. Photo by Bloomberg
The Briefing

Airbnb Unveils IPO Filing: The Information’s Tech Briefing

Photo: Airbnb CEO Brian Chesky. Photo by Bloomberg

Airbnb disclosed its IPO paperwork Monday afternoon, setting up what should be a fascinating comparison, in a few weeks’ time, between the public offerings of the travel firm and DoorDash. Investors will get to choose between one company whose business was slammed by the Covid-19 pandemic, and another that enjoyed a bonanza.

The former, of course, is Airbnb, whose revenue dropped 32% in the first nine months of this year, while DoorDash reported Friday that its revenue rocketed 226% in the same period. With the pandemic now exploding again, and likely to be even more widespread by the time of the offerings, its impact on the two businesses is likely to be on investors’ minds. It’s hard to imagine that it won’t affect how much investors are willing to pay for stock in the companies.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Takeaway Media/Telecom
The Next Big News Disruption
Anyone who works in media—and especially in news—can feel the change. Everything about this business, from the editorial content to the talent to the (restless) energy of virtual newsrooms, is growing more intense.The pandemic is obviously a big part of the story. But there’s something bigger going on: a new phase of disruption as powerful as the last—if not more powerful. The last sea...
Latest Briefs
 
Splunk Adopts Permanent Remote Work Policy
New Software Platform The Archivist Raises $2 Million From Ashton Kutcher, Edward Norton
Ant Group Looks to Revamp Healthcare Service Amid Beijing’s Crackdown
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Org Charts Google
At Booming Google, Search Chief Gives More Love to Product Managers
Even as Google’s business booms and hiring accelerates, senior leaders have made changes to the unit housing its biggest moneymakers—web search and advertising.
Photos by Bloomberg; Illustration by Mike Sullivan
Exclusive Facebook
Zuckerberg’s Plan to Repair Facebook’s Image: More Zuckerberg
During a companywide Q&A with Facebook employees last Thursday, CEO Mark Zuckerberg turned to a question about a recent uptick in posts on his Facebook page, including a joke he made referencing the actor Vin Diesel a few days prior.
Photo: Bloomberg
Opinion Venture Capital Startups
Why the Smart Money Is Headed to Europe
For years, Europe has run a distant second to the U.S. when it comes to creating and supporting tech startups.
Branded president Michael Ronen. Photo provided by Branded
The Big Interview Venture Capital Startups
Branded Joins Frenzy of Startups Acquiring Amazon Merchants, Finds Profits
Michael Ronen recently learned more than he ever thought he’d know about soap. Ronen runs Branded, a startup that buys up successful small businesses who sell their wares on Amazon.
Data Point
Inside Rounds Hit Record $30 Billion as Investors Double Down
Venture capitalists may be getting too comfortable with marking up their own portfolios. The number of inside rounds, or VC deals in which only a startup’s previous investors participate, reached a high of over 1,000 in the U.S.
Didi’s offices in Hangzhou, China. Photo: Bloomberg
Exclusive Asia E-commerce
China’s Ride-Hailing Giant Didi Plans Separate IPO of Grocery Business
Didi Chuxing, a Chinese ride-hailing giant that plans to go public in New York this summer, is already making plans to spin off its newly created grocery-delivery service a year or two after the initial public offering.