Airbnb CEO Brian Chesky is known for his relentless optimism and outsize goals. The company for years has poured hundreds of millions of dollars into pursuing his vision of designing the “perfect trip” for travelers. Determined to think big, Chesky has explored taking the company in unfamiliar directions, such as launching a flight ...

Covid-19 has resulted in a dramatic loss of life, plunged the U.S. into recession and created who knows what other disasters that we will be dealing with for years to come. 

Airbnb, reeling from the coronavirus’ spread, has projected that its revenue will plunge some 54% this year, people familiar with the matter said.

In a scenario the company has shown investors, Airbnb’s revenue would fall to about $2.2 billion this year, from $4.8 billion in 2019. The scenario is preliminary, as no one knows how long ...

Airbnb shut down its marketing efforts last week, saving an estimated $800 million annually. But it likely will need to make more-substantial cost reductions across the board as the spread of coronavirus ravages its business. 

An analysis of Airbnb’s profit statements shows that the company spends much more on fixed costs—such ...

Airbnb plans to halt all of its marketing, pause most hiring, and likely withhold employee bonuses as it tries to conserve cash amid a slide in bookings, CEO Brian Chesky told employees in a video conference call Thursday, a person familiar with the matter said.

The steps are the first indication of how the company is planning to reduce costs to ...

Sonder, a venture capital-backed operator of apartment-based lodgings for tourists and business travelers, laid off or furloughed more than 400 people, about one-third of its staff, in a bid to offset a declining number of bookings as the travel market collapses.

The San Francisco-based company is the largest of a raft of startups that have ...

Airbnb won fans among travelers over the weekend when it said it would fully refund anyone who was canceling an upcoming stay due to coronavirus. For hosts, the announcement was considerably tougher to absorb. The decision meant property owners would have little chance of recouping their losses. 

The move risks alienating Airbnb’s ...

Monday’s market decline–the biggest one-day drop since 2008—is rattling markets and is likely to throw tech companies’ initial public offering plans into jeopardy. It may be just the moment that private equity giants have been waiting for.

For years, as valuations of private and public tech companies have climbed, some ...

In June 2018, CEO Brian Chesky assured employees that Airbnb would go public by 2020. What nobody could have foreseen then was that a viral pandemic would threaten to pulverize the travel industry and hurt Airbnb’s business just as it planned to introduce itself to public investors. 

While global economic disruption would typically ...

James Vincent helped Steve Jobs come up with some of Apple’s most memorable advertisements, from its Mac versus PC commercials to an iPod campaign featuring dancing silhouettes. 

More recently, Vincent has turned himself into a brand whisperer to some of the most prominent companies in tech and media, including Snap, Vice Media and ...

Casper Sleep’s nightmare of a public market debut earlier this month has demonstrated that investor skepticism toward money-losing tech companies persisted into 2020. And that raises questions for several high-profile tech names contemplating going public this year, including two of the most highly valued, Airbnb and DoorDash.

Unless they ...