DIRS.INFO The most relevant business & tech news

☆ Venture capital firm's plan to buy nonprofit hospital system has Ohio community on edge
▼ + stars: | 2024-03-02 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +17 min

In late 2022, Harrison joined venture firm General Catalyst, which has backed tech highfliers like Stripe, Snap and Airbnb . This is the first holistic transformation of a health system to a thoughtful combination of digital and in-person care." "It just makes people a little nervous, and it doesn't feel quite aligned with this concept of health care being a human right." To revolutionize how we care for patients, we in health care are doing the same." "This is not like a turnaround, this is not a distressed system," Harrison said.

Persons: Marc Harrison, who's, Astrid Stawiarz, Mark Zuckerberg, Elon Musk, He's, screeds, Harrison, Catalyst, HATCo, Fitch, Ceci Connolly, Connolly, She's, Freddy Krueger, John Bass, Bass, he's, Chris Bischoff, Bischoff, it's, Harrison isn't, Michael Greeley, Greeley, Beaumont, Cliff Deveny, hadn't, Deveny, Ben Sutton, Sutton, Shammas Malik, James Hardy, Hardy, Mayor Malik, Malik, we've, Capital's Greeley, Catalyst's Organizations: Healthy, CNBC, Intermountain Healthcare, Catalyst, Summa Health, Health Assurance Transformation Corporation, Summa Health Medina, Urban Institute, Fitch Ratings, Alliance of Community Health, General Catalyst, HCA Healthcare, University of California Davis Health, Intermountain, Flare Capital Partners, Beaumont Health, Health, Akron, Ideastream Public Media, HATCo Locations: New York City, Silicon Valley, Utah, Ohio, Harrison, PitchBook, U.S, Canada, Israel, Michigan, Beaumont, Akron, Summit County, Akron's

☆ Airbnb Is Conquering Italy. One City Is Fighting Back.
▼ + stars: | 2023-12-01 | by ( Eric Sylvers | ) www.wsj.com time to read: 1 min

FLORENCE, Italy—The city of Botticelli’s “Venus” and Michelangelo’s “David” is now the city of Airbnb . The spread of short-term rentals has pushed up rents and priced out residents. Shops that once served locals have become rarities. Lockboxes for keys sit next to the doorbells at many buildings’ entrances.

Persons: Michelangelo’s “ David ” Locations: FLORENCE, Italy, Botticelli’s, Airbnb

☆ I've interviewed dozens of disruptive go-getters from self-made millionaires to entrepreneurs. Here are my 4 observations on what sets them apart.
▼ + stars: | 2023-11-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

As an investing reporter, I regularly talk to real estate investors, entrepreneurs, and side hustlers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . What doesn't always get passed along are my observations after talking to disruptive go-getters regularly. If you find a good enough deal and present it accurately and professionally to investors, the money will come. AdvertisementJatz Naran built his Amazon business between the hours of 6-and-10, after his day job would wrap up.

Persons: —, I've, doesn't, getters, I'm, Natia, Jervais Seegars, Caleb Hommel, Chuck Sotelo, he's, isn't, Naran, NeuroGum, Kent Yoshimura Organizations: Service Locations: Detroit, Chicago

☆ The IRS’s Act of $600 Mercy
▼ + stars: | 2023-11-22 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week’s best and worst from Kim Strassel, Kyle Peterson, Mary O'Grady and Dan Henninger. Images: AP/AFP/Getty Images/Reuters/Zuma Press Composite: Mark KellyWhile rarely a bearer of good news, the Internal Revenue Service on Tuesday postponed a $600 reporting threshold for payments received via online platforms such as Venmo, eBay and Airbnb . The IRS is doing a favor for itself and President Biden as much as it is for Americans. Readers may recall that the American Rescue Plan Act in March 2021 lowered the threshold for third parties reporting transactions on Form 1099-K to $600 annually from $20,000. Democrats’ goal was to nab Americans who allegedly dodge taxes by failing to report income earned from, say, driving for Uber or renting out second homes on Airbnb.

Persons: Kim Strassel, Kyle Peterson, Mary O'Grady, Dan Henninger, Mark Kelly, Biden, ’ Organizations: Getty, Zuma, Internal Revenue Service, eBay, IRS, American, nab Locations: Airbnb

☆ Your Next Airbnb Host Could Be a Private-Equity Firm
▼ + stars: | 2023-11-07 | by ( Craig Karmin | ) www.wsj.com time to read: 1 min

Private-equity giant TPG has started buying single-family homes in Florida vacation markets, where it is renting them out nightly as alternatives to hotels and short-term rentals on websites like Airbnb . Other private-equity firms, publicly traded companies like Invitation Homes and many institutional investors have been active buyers of single-family homes for years, leasing their properties for a year or longer.

Organizations: TPG, Invitation Locations: Florida

On the phone was 28-year-old Jimmy Zhong, a local party boy and Georgia alum who frequented Athens' drinking establishments. Robin Martinelli, Martinelli Investigations owner and private investigator. Martinelli said Zhong appeared resistant to her theories, especially when they began to focus on his circle of friends. Source: Zhong's social media profileHis parties were epic. Source: Zhong's social media profile

Persons: Jimmy Zhong, Zhong, Robin Martinelli, Martinelli, Montel Williams, " Martinelli, Jimmy, Zhong didn't, Louis Vuitton, Gucci, Jimmy Choo, didn't, he'd, Satoshi Nakamoto, Stefana, CNBC Masic, Zhong couldn't, Jody Thompson, Thompson, Trevor McAleenan, Shaun MaGruder, McAleenan, that's, MaGruder, I've, wasn't, Trevor, I'm, coders, Nathaniel Popper, Popper, Bitcoin, Nobody, bitcoin, Michael Bachner, John Garland, Bachner, Ross Ulbricht, Chad Organizations: University of Georgia, Clarke County Police Department, rowdies, Clarke County Police, CNBC, Department of Justice, Martinelli Investigations, Broad, College, Ritz Carlton, Waldorf, Georgia Bulldogs football, Rose, IRS, Silk, Clarke, Investigators, Misfits, . Locations: Athens, Georgia, bitcoin, It's, Loganville , Georgia, Zhong's, Gainesville , Georgia, Los Angeles, Beverly Hills, LA, Gainesville, Chad, Clarke County, Montgomery , Alabama, U.S

☆ Tech IPO drought reaches 18 months despite Nasdaq's sharp rebound in first half of 2023
▼ + stars: | 2023-06-29 | by ( Ari Levy | ) www.cnbc.com time to read: +12 min

Despite a bloated pipeline of companies waiting to go public and a rebound in tech stocks that pushed the Nasdaq up 30% in the first half of 2023, the IPO drought continues. Last Friday, Israeli beauty and tech company Oddity, which runs the Il Makiage and Spoiled Child brands, filed to go public on the Nasdaq. "You can make 15%-20% in the stock market but lose 15%-20%." "I think that’s done some harm to the traditional IPO market." With the public market still pretty closed, they're asking for alternatives."

Persons: Karl, Josef Hildenbrand, Turo, Reddit, hasn't, aren't, Lise Buyer, Buyer, Goldman Sachs, May, Shannon Stapleton, Jake Dollarhide, Dollarhide, Airbnb, they've, Instacart, Byron Deeter, Deeter, Larry Aschebrook, Aschebrook Organizations: AFP, Getty, Nasdaq, V, New York Stock Exchange, Apple, Nvidia, Coinbase Global Inc, Reuters Bankers, CNBC, Federal Reserve, Longbow Asset Management, Facebook, Clover Health, Venture, Companies, Bessemer Venture Partners, doesn't, Employees, Spotify Locations: U.S, Portola Valley , California, Cava, New York, Pinterest

☆ Top tech analyst Mahaney has 2 buys and a short going into first-quarter earnings
▼ + stars: | 2023-04-13 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Evercore ISI is gearing up for first-quarter tech earnings by making short-term, bullish calls and a tactical bearish recommendation. Well-known technology analyst Mark Mahaney said underperformance in first quarter earnings is less likely given the negative revisions already seen across the tech sector in recent quarters. 1-ranked analyst for five years, named two two of his favorite tech names going into first quarter earnings, and one stock to bet against. Wall Street's consensus for Meta's first-quarter revenue is reasonable while the second quarter's is beatable, Mahaney argued. While industry checks were in line with forecasts through the beginning of March, demand appears to have cooled later in the quarter, Mahaney said.

☆ Airbnb Puts Worries to Bed for Now
▼ + stars: | 2023-02-15 | by ( Laura Forman | ) www.wsj.com time to read: +1 min

Airbnb is forecasting that daily rates will ‘face increasing downward pressure’ this year. In travel, the winners were homestay platforms such as Airbnb . Domestically, average daily rates were up more than 30% in December versus the same period in 2019. But with inflation slowing and a possible recession looming, homestay pricing dynamics appear to be changing. Average daily rate growth in mountain and lake destinations was up less than 1% year on year in December, and the company forecasts pricing growth could turn negative in future months.

☆ Morgan Stanley downgrades Airbnb on travel demand concerns, see shares falling the next 12 months
▼ + stars: | 2022-12-07 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

After a tough year, Morgan Stanley sees even more downside for Airbnb . Nowak pointed to potentially slowing active listings growth over the next few years as a key risk for the stock. Slowing listings also makes Morgan Stanley's bear case on the stock more likely, the analyst said. He noted that the stock could fall as low as $60 per share, which would be 35.6% below Tuesday's close. Earlier this year, sources told CNBC that Airbnb was closing its domestic business in China.

☆ Evercore ISI sees some potential winners as earnings forecasts expected to plunge
▼ + stars: | 2022-10-10 | by ( Patti Domm | In | ) www.cnbc.com time to read: +1 min

Evercore ISI analysts expect earnings estimates to plunge, but they do see some winners emerging during earnings season in a bifurcated market. For the third quarter, Evercore ISI expects S & P 500 earnings to grow at a 4.1% pace and beat estimates by a modest 1.2%. The stocks also have seen positive 2023 earnings revisions and high short interest relative to the past year. Apple, for instance, is up 7.7% since the June low and its 2023 earnings have been revised down 23.8%. Evercore ISI also looked at stocks that could underperform this earnings season.

☆ These companies are still flexing pricing power amid strong consumer demand
▼ + stars: | 2022-08-05 | by ( Robert Hum | ) www.cnbc.com time to read: +2 min

Despite this, there are some firms – like most (but not all) travel companies – that are still exhibiting strong pricing power. Net income rose to $166 million, or 58 cents per share, from $67 million, or 27 cents per share, a year ago. Excluding items, Goodyear earned 46 cents per share, while analysts surveyed by Refinitiv had predicted a profit of 36 cents per share. Expedia – like all travel companies – is reaping the benefits of pent-up vacation demand. In the first quarter, rates were only up 4% year over year, too.

Search resuls for: "Airbnb ."

12 mentions found