Airbnb said Friday it would set aside 9.2 million shares for an endowment that would eventually fund improvements to the site recommended by the home rental site’s hosts. The company said a new advisory board of hosts would help direct the funds once the endowment reaches $1 billion in value. The announcement likely represents the company’s effort to ensure hosts feel included by the potential...
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Instacart Cuts Staff, Curbs Hiring in Run-up to IPO
Instacart has been letting go of staff, slowing hiring and curbing other expenses as it heads toward a public listing, when the grocery-delivery company will try to convince public investors that it can maintain its growth—and make a profit—as the economy slows. The San Francisco startup over the last two months has fired some of its more than 3,000 workers after holding midyear...
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