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Airbnb Reports $4.6B Loss In First Earnings Report Since Going Public


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Despite a stunning public debut on the market in December that left the company’s valuation over $100 billion after its first day of trading, Airbnb has reported a net loss of $4.6 billion for 2020 in its first earnings report released on Thursday.
The short-term rental company earned $3.4 billion in revenue for the year, which was a 30 percent decline from the year before, but still better than its initial projections of a 50 percent (or more) year over year decline in revenue at the height of the pandemic.
The company’s net loss was both driven by the hit the travel industry took as a result of the pandemic, as well as $2.8 billion in non-cash stock-based compensation expenses the company took on with its IPO. Those expenses contributed to a fourth quarter net loss of $3.9 billion, compared to a net loss of $352 million in Q4 2019. Airbnb’s revenue during the fourth quarter of 2020 was also a contributing factor, which was down 22 percent year ove ....

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Airbnb Co-Founder Joe Gebbia Donates $25 Million to Help San Francisco Homeless


Joe Gebbia is using his platform for good.
The Airbnb co-founder recently made a $25 million personal donation to help two San Francisco charities working to eradicate homelessness: Rising Up- Larkin Street Youth Services and All Home.
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His generous donation will assist the organizations in their efforts to provide housing and aid for people facing economic hardships amid the ongoing coronavirus pandemic.
I ve lived in San Francisco for 14 years. It s the birthplace of my company and the place I came to fulfill a dream, Gebbia, 39, tells PEOPLE. I have this deep, almost kindred connection to it, and seeing the city suffer in certain ways weighs on me. ....

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Report: 2021 Will Be the Year of Meaningful Travel


Report: 2021 Will Be the Year of Meaningful Travel
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Photo: Airbnb, Inc.
New Airbnb survey data shows that travel is the activity Americans have missed the most during the pandemic and a majority are ready to travel in 2021
First trips post-pandemic will be to connect with loved ones, taking travel back to its roots of creating meaningful memories
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Airbnb today released a new report and highlighted how 2021 will see a shift toward more meaningful travel as the pandemic continues to limit mass tourism and afflict the industry overall. When travel returns in 2021, it will be about connecting with loved ones through more personal trips, with mass tourism unlikely to return at any scale this year. In the report , US consumers say their near-term travel priority is to spend time with family and friends in comfortable, familiar and secure settings. Reconnecting and traveling safely are leading reason ....

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Airbnb Announces Economic Empowerment Award; Founder Brian Chesky To Fund, Mentor Startup


Airbnb announces Economic Empowerment Award; founder Brian Chesky to fund, mentor startup
The Ron Conway/SV Angel Economic Empowerment Award winner will receive funding from Airbnb.
Source: AP
Airbnb, on December 18, announced the Ron Conway/SV Angel Economic Empowerment Award dedicated to one of the company s earliest investors Ron Conway. Every year, Airbnb Co-Founder and CEO Brian Chesky and Conway will select one Y Combinator startup that is working to create more economic empowerment opportunities for people across the world.
The selected startup will receive funding from Airbnb with no strings attached . Additionally, Conway and Chesky will personally mentor the recipient. ....

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