Airbnb has started to see the kind of summertime comeback it sorely needed. The company told Bloomberg it saw an increase in U.S. nights booked between May 17 and June 3 compared with the same period in 2019, as people booked longer stays. There was similar growth in domestic bookings in other countries like Germany and South Korea. Customers are booking trips to summer homes within driving...
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When Antitrust Opposition Boosts Value: The Information’s Tech Briefing

Sometimes, the government is here to help. The Justice Department’s antitrust lawsuit that killed Visa’s acquisition of Plaid promises to become a windfall for shareholders in the fintech startup, as The Information reported today. Visa had agreed to pay $5.3 billion for Plaid, but there’s now investor interest in the company at a valuation of $15 billion or more. The episode...
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