Can Airbnb survive the coronavirus pandemic?

Can Airbnb survive the coronavirus pandemic?

Airbnb is one of the many businesses in the travel industry that has been hit hard by the coronavirus pandemic. In March 2017 Airbnb was valued at $31 billion. By the end of April 2020 it was worth $18 billion.  At the beginning of May, the company was forced to lay...
Airbnb to lay off nearly 1,900 people, 25% of company

Airbnb to lay off nearly 1,900 people, 25% of company

Airbnb CEO Brian Chesky at The New York Times Dealbook event on November 6, 2019. Credit: Mike Cohen/ The New York Times Airbnb plans to lay off nearly 1,900 employees, or about 25% of the company, a person familiar with the plans confirmed to CNBC. The layoffs were...
Airbnb hosts getting almost nothing from $250 million relief fund

Airbnb hosts getting almost nothing from $250 million relief fund

Brian Chesky, CEO of Airbnb Getty Images Hundreds of Airbnb hosts have taken to online groups to complain that they have yet to receive any payments from a $250 million coronavirus relief fund the company announced last month.  Among the rare few who have received any...
Airbnb to lay off nearly 1,900 people, 25% of company

Airbnb raises another $1 billion in debt

Airbnb CEO Brian Chesky at The New York Times Dealbook event on November 6, 2019. Credit: Mike Cohen/ The New York Times A week after reeling in $1 billion in fresh capital, Airbnb is raising another $1 billion in debt as it seeks to pad its balance sheet to get...