CEO of Startup That Violated Airbnb Rules Steps Down After Investigation
The departure comes five weeks after an investigation by The Information, which revealed Domio’s practices of renting homes on Airbnb that flouted some cities’ rules.
Airbnb
Why it is one to watch: One of the few high profile, consumer-brand tech companies going public in this period, it will test investors' confidence in the home-sharing business model, which has been under regulatory and competitive attack. The fact that it is occurring during a pandemic which has devastated travel also poses a challenge.
Expected timing: December.
Type: IPO
S-1: Filed 11/16. Amended filing 12/1 here.
Airbnb Turns Down Ackman, for Now
Instead, Airbnb plans to go forward with a traditional IPO.
Airbnb Files to Go Public
The review process could take a couple months, which suggests Airbnb may not go public until the end of November.
Airbnb Executive in Charge of Safety to Leave
Margaret Richardson would be the fifth top executive to announce an intention to leave Airbnb within the past two months.
Airbnb Revenue Fell by About 72% in 2nd Quarter
While the big slide was less than some of Airbnb’s rivals, it underscores the challenges the company faces if the company goes public this year.
Airbnb Plans to File IPO Paperwork This Month
The home rental giant could list publicly by the end of the year.
Airbnb Customer Service Chief to Depart
The customer service executive is the fourth senior executive to leave Airbnb in the last two months.
Airbnb ‘Resuming Work’ to Go Public, CEO Says
The comment is noteworthy because it was almost unthinkable a few months ago that the company could go public as revenues nosedived.
Airbnb Tries to Cut AWS Cloud Bill Amid Pandemic
Airbnb, whose business has been hard-hit by Covid-19, is considering ways to lower its AWS cloud bill, according to CEO Brian Chesky.
Airbnb Settles Lawsuit in NYC, Leading to Likely Purge of Illegal Listings
NYC has been famously hostile to Airbnb, largely due to its politically powerful hotel union.
Airbnb Sees Boost in Domestic Travel
Customers are booking trips to rentals within driving distance, rather than getting on airplanes, CEO Brian Chesky said.
Airbnb Lays Off Contractors, Pulls Summer Internships
Airbnb had been looking to save costs by reducing its contract workforce for months. The move might delay Airbnb from firing any of its regular staff.
Airbnb Borrows Another $1 Billion
Like the first round of capital, the interest rate is high. The loan potentially cots Airbnb hundreds of millions of dollars in debt payments a year.
Airbnb Sees Revenue Falling 54%
The travel company has hopes for a V-shaped recovery, projecting revenue to bounce back next year to levels above 2019.
New Investors Get Right to Buy Airbnb Shares at $18 Billion Valuation
The price provides some measure of how steeply Airbnb has fallen since the coronavirus started cutting deeply into its business.
Airbnb Raises $1 Billion in Debt, Equity From Silver Lake, Sixth Street
The deal gives the travel giant, which has been whacked by coronavirus, financial cushion as it tries to recover.
Airbnb Cuts Internal Valuation 16% to $26 Billion
The valuation cut reflects the decline in Airbnb's business caused by the pandemic.
Airbnb Offers Hosts $260 Million to Help Offset Cancelled Stays
It's an expensive proposition, equivalent to about 5% of Airbnb's revenue last year.
Airbnb Considers Raising Money Privately as Business Reels
Airbnb has reportedly lost hundreds of millions of dollars this year as people stopped traveling.
Airbnb Lets Customers Cancel Reservations in U.S.
Anyone with Airbnb reservations in the U.S. through April 1 will be able to cancel free of charge.