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ET Capitol Riot Live Updates: Acting Attorney General Vows Peaceful Transfer of Power in First Appearance Since Attack The fallout from last week’s violence at the Capitol continued as the Army secretary announced that the inauguration would be secured by armed National Guard members. Many tech companies have moved to curtail President Trump online since he urged on a violent mob of his supporters at the Capitol last week. YouTube said Mr. Trump would not be able to upload new content for at least seven days to his channel, which had about 2.8 million subscribers. Other sites such as Snapchat, Reddit and Twitch also curtailed Mr. Trump. Mr. Johnson, first elected in 2010, has not confirmed that he will seek a third term in 2022.
Persons: ’ Jeffrey A, Rosen, Yuri Gripas, Jeffrey A, Biden, , Christopher A, Wray, Michael R, Sherwin, Steven D’Antuono, Airbnb, Gabrielle Lurie, Reuters Airbnb, Joseph R, President Trump —, Muriel Bowser, Bowser, ” Airbnb, Auschwitz ’ sweatshirt, Camp, Auschwitz ”, Robert Keith Packer, Packer, Packer’s sweatshirt, “ Arbeit macht frei, Michael Sherwin, Nicholas Bogel, Burroughs, Adam Goldman, Santiago Mejia, Bill de Blasio, de, Trump, Mr, de Blasio, “ We’re, Doug Mills, Donald J, , Reddit, Twitch, Ron Johnson, Anna Moneymaker, Johnson “, Ben Wikler, Biden’s, Johnson, ” “ Ron Johnson shouldn’t, Wikler, “ Wisconsinites, Ron Johnson’s, Thomas Nelson, Sarah Godlewski, Alex Lasry Organizations: Capitol, National Guard, Capitol ., Department, Washington, San Francisco . Credit, Reuters, District of, D.C, Auschwitz, ITV, Prosecutors, District of Columbia, Trump Organization, Trump, Bronx . Credit, New York Times New, U.S . Capitol, U.S, MSNBC, , New, YouTube, New York Times YouTube, Trump’s, Google, Facebook, Twitter, Trump . Wisconsin Democrats, Republican, The New York Times, Democratic Party of Wisconsin, Capitol Police, Milwaukee Journal Sentinel, Senate’s, Wisconsin Democratic, New York Times, United States Capitol, Wisconsin Democrats, Milwaukee Bucks Locations: Washington, , San Francisco ., District of Columbia , Virginia, Maryland, Virginia, Camp Auschwitz, , Newport News, Va, New York City, Bronx, New York Times New York City, City, New York, Trump, Wisconsin, United States, Outagamie
ET Capitol Riot Live Updates: Trump Urges No Violence or Vandalism at Planned Demonstrations The fallout from last week’s attack on the Capitol continued as the Army secretary announced that the inauguration would be secured by armed National Guard members. “In lights of reports of more demonstrations, I urge that there must be NO violence, NO lawbreaking and NO vandalism of any kind,” Mr. Trump said. For President Trump, the past week has included a flurry of rebukes from businesses and once-loyal politicians. A majority of House members vote to impeach. Mayor Bill de Blasio said New York City is ending its contracts with the Trump Organization after the deadly riot incited by President Trump at the U.S. Capitol.
Persons: Trump, Oliver Contreras, Joseph R, Biden, Mr, , ’ Jeffrey A, Rosen, Yuri Gripas, Jeffrey A, Christopher A, Wray, Michael R, Sherwin, Steven D’Antuono, Gabrielle Lurie, President Trump —, Muriel Bowser, Airbnb, Bowser, ” Airbnb, Jan, President Trump, Erin Schaff, , Ryan McCarthy, Robert J, Contee, Michael Sherwin, Mitch McConnell of, Will Wright, Helene Cooper, Auschwitz ’ sweatshirt, Camp, Auschwitz ”, Robert Keith Packer, Packer, Packer’s sweatshirt, “ Arbeit macht frei, Nicholas Bogel, Burroughs, Adam Goldman, Anna Moneymaker, Mitch McConnell, Bill de Blasio, We’re, it’s, Christina Horsten, de, de Blasio, “ We’re, Axios, Doug Mills, Donald J, , Reddit, Twitch, Ron Johnson, Johnson “, Ben Wikler, Biden’s, Johnson, ” “ Ron Johnson shouldn’t, Wikler, “ Wisconsinites, Ron Johnson’s, Thomas Nelson, Sarah Godlewski, Alex Lasry, Pepe, White supremacists, MAGA, Rambo, revel, “ It’s, Joan Donovan, Matthew Rosenberg Organizations: Capitol, National Guard, Trump, White, ., The New York Times, Fox News, Capitol ., Department, Washington, San Francisco . Credit, Reuters, District of, Video National Guard, U.S . Capitol, Credit, Defense, Army, Metropolitan Police Department, Guard, Defense Department, District of Columbia, Pentagon, U.S . Chamber of Commerce, Auschwitz, ITV, Prosecutors, Democrats, IF ARTICLE, Republican, Democratic, Senate, New, Trump Organization, United States Capitol, U.S . Capitol . Credit, Associated Press New, U.S, MSNBC, , Google, YouTube, Facebook, New York Times YouTube, Trump’s, Twitter, Trump . Wisconsin Democrats, Democratic Party of Wisconsin, Capitol Police, Milwaukee Journal Sentinel, Senate’s, D.C, Wisconsin Democratic, New York Times, Wisconsin Democrats, Milwaukee Bucks, Video Credit, Trust, Shorenstein Center, Media, Harvard Kennedy School Locations: Washington, , San Francisco ., District of Columbia , Virginia, Maryland, Virginia, Mitch McConnell of Kentucky, Camp Auschwitz, , Newport News, Va, New York City, United States, New York, Bronx, Associated Press New York City, City, Trump, Wisconsin, Outagamie, Mogadishu, Kandahar
ET Flo, Period-Tracking App, Settles Privacy Complaint: Live Updates RIGHT NOW The federal government ran another record deficit in December. The proposed federal settlement prohibits the app’s developer, Flo Health, from misleading users about its data-handling practices. It also requires Flo to obtain users’ consent before sharing their health details and to obtain an independent review of its privacy practices. In a statement, the company said it does not share information about users’ health without their permission. “We are committed to ensuring that the privacy of our users’ personal health data is absolutely paramount,” the statement added.
Persons: Flo, Flo Health, Patrick Semansky, , Joseph R, Biden, Ringo H.W . Chiu, Axios, Sundar Pichai, ” Mr, Pichai, , Gabrielle Lurie, President Trump —, Muriel Bowser, Airbnb, Bowser, ” Airbnb, Jan, Max Organizations: Dow, Facebook, Google, The Federal Trade Commission, Treasury Department, Associated Press, Target, Shoppers, Calif, Associated, FedEx, UPS, YouTube, Reuters, San Francisco . Credit, Capitol ., National Guard, District of, The New York Times, General, Visa, Plaid, Dollar, Department, Justice Department, Federal Aviation Administration, European, Ryanair, DHL Locations: Commerce, United States, Washington, San Francisco ., District of Columbia , Virginia, Maryland, Virginia
ET Capitol Riot Live Updates: Federal Authorities Sound a Warning; Trump Urges No Violence The deadly breach at the Capitol will be a “significant driver of violence” for armed extremists who are targeting the presidential inauguration, according to a bulletin issued by federal authorities. “In lights of reports of more demonstrations, I urge that there must be NO violence, NO lawbreaking and NO vandalism of any kind,” Mr. Trump said. Shortly before Mr. Trump’s statement was released, Representative Kevin McCarthy of California, the Republican leader, spoke on the House floor, pinning blame on Mr. Trump for the attack. Senator Mitch McConnell of Kentucky, who stood by the president during lesser controversies, told his associates that he believed Mr. Trump had committed impeachable offenses. The House is expected to impeach Mr. Trump, for the second time, on Wednesday.
Persons: Trump, Jason Andrew, , Ashli Babbitt, , President Trump, ” Trump, Oliver Contreras, Trump’s, Joseph R, Biden, Mr, Jim Jordan, Kevin McCarthy of, McCarthy, ” Ronna McDaniel, Ms, McDaniel, Anna Moneymaker, Jason Crow, Crow, ” Mr, Mikie Sherrill, ” Ms, Sherrill, they’re, Tim Ryan, Mo Brooks, Paul Gosar, Andy Biggs, Christopher Wray, Kenneth Cuccinelli, Wray, Jorge Colina, “ Christopher Wray, Jeffrey A, Rosen, We’ve, Yuri Gripas, Christopher A, Michael R, Sherwin, Steven D’Antuono, Gabrielle Lurie, President Trump —, Muriel Bowser, Airbnb, Bowser, ” Airbnb, Jan, Erin Schaff, , Ryan McCarthy, Robert J, Contee, Michael Sherwin, Mitch McConnell of, Will Wright, Helene Cooper, Pelosi, Nancy Pelosi, Muriel E, Bowser of, Cleveland Grover Meredith Jr, Meredith, Bill de Blasio, We’re, it’s, Christina Horsten, de, de Blasio, “ We’re, Axios, Sundar Pichai, Pichai, , Helena Duke, Duke’s, Duke, Tom Hanks, Justin Timberlake, Amr Alfiky, Biden’s, Jon Bon Jovi, Lina Mann Organizations: Federal Authorities, Capitol, The New York Times, National Counterterrorism Center, Justice and Homeland Security, Washington , D.C, White, ., United, Fox News, Republican, Mr, Republican National Committee, The New York Times Democratic, Capitol Police, force’s, Office, Democrat, Navy, Facebook, United States Citizenship, Immigration Services, Miami Police Department, U.S, Federal, U.S . Constitution, of Justice, Credit, Department, Washington, San Francisco . Credit, Reuters, Capitol ., National Guard, District of, Video National Guard, U.S . Capitol, Defense, Army, Metropolitan Police Department, Guard, Trump, Defense Department, District of Columbia, Pentagon, U.S . Chamber of Commerce, Glock, Atlanta, Trump Organization, United States Capitol, U.S . Capitol . Credit, Associated Press New, MSNBC, , New, Google, YouTube, D.C, New York Times, Democratic National Convention, Historical Association Locations: United States, Washington ,, Ohio, Kevin McCarthy of California, Washington, Colorado, , New Jersey, Mo Brooks of Alabama, Arizona, U.S ., , San Francisco ., District of Columbia , Virginia, Maryland, Virginia, Mitch McConnell of Kentucky, Bowser of Washington, York City, New York City, New York, Bronx, Associated Press New York City, City, Massachusetts
The cofounders made a pact that if they came out of startup accelerator Y Combinator and were "not in a materially better place" after 13 weeks, they would walk away. There are pages and pages of Google search results that answer the question: "Is Y Combinator worth it?" Y Combinator has spun up 102 companies that are valued north of $150 million, according to the most recent count in 2019. But Airbnb's cofounder Nathan Blecharczyk said there might not have been an Airbnb without Y Combinator. This is the story of how 13 weeks at Y Combinator saved Airbnb from shutting downAirbnb's headquarters in San Francisco.
Persons: Nathan Blecharczyk, Brian Chesky, Blecharczyk, Mike Windle, Combinator, Gabrielle Lurie, we're, Airbnb Organizations: New York University Stern School of Business, Area, Reuters Locations: San Francisco, New York
Now, Schurr and his wife, Janie, are among Airbnb hosts making money from a huge first-day pop in the company's IPO. He gladly bought 200 shares, the maximum available to him, for $68 apiece, expecting a significant pop when trading started on Thursday. Airbnb didn't say how many hosts participated in the IPO or if it fully allocated the 3.5 million shares. In Uber's IPO last year, the company set aside up to 3% of the 180 million shares for drivers. Zoom In Icon Arrows pointing outwards Uber vs. S&P 500 CNBCEven with the company's blockbuster IPO, Airbnb hosts have had a tough year in the pandemic.
Persons: Gabrielle Lurie, Travis Schurr, Janie, Airbnb, he's, Schurr, Morgan Stanley, Goldman Sachs, It's, Richard Fertig, Fertig, He's, hasn't, Daniel Chan, techies Organizations: Reuters, CNBC, Hilton, Wyndham Hotels, underwriters, Unity Software, Travelers Locations: SOMA, San Francisco , California, Las Vegas, Marriott, U.S, Jackson Hole , Wyoming, Costa Rica, Palm Beach , Florida, Palm Springs , California, Airbnb
Airbnb boosts IPO price range in sign of frenzied investor appetite
  + stars: | 2020-12-07 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +1 min
FILE PHOTO: A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California, U.S., August 2, 2016. It had earlier targeted a price range of between $44 and $50 per share for 51.9 million shares. At the upper end of the new range, Airbnb would have a fully diluted valuation, which includes securities such as options and restricted stock units, of $41.8 billion. Airbnb struggled in the immediate aftermath of the virus outbreak as travel came to a grinding halt. But as lockdowns eased, more travelers opted to book homes instead of hotels, helping Airbnb post a surprise profit for the third quarter.
Persons: Gabrielle Lurie, Airbnb Organizations: REUTERS, Airbnb Locations: SOMA, San Francisco , California, U.S, United States
Airbnb boosts IPO price range as it looks to raise $3.09 billion
  + stars: | 2020-12-07 | by ( Reuters Staff | ) www.reuters.com + 0.97   time to read: +2 min
REUTERS/Gabrielle Lurie/File PhotoThe U.S. home rental firm plans to sell 51.6 million shares at between $56 and $60 apiece, it said in a regulatory filing on Monday. It had earlier targeted a price range of between $44 and $50 per share for 51.9 million shares. (bit.ly/33QKApo)At the upper end of the new range, Airbnb would have a fully diluted valuation, which includes securities such as options and restricted stock units, of $41.8 billion. The company’s stock market debut will be one of the largest and most anticipated U.S. IPOs of 2020, which has already been a bumper year for flotations. Food delivery startup DoorDash also raised its IPO price range last week.
Persons: Gabrielle Lurie, Airbnb, Ashton Kutcher, Morgan Stanley, Goldman Sachs Organizations: Reuters, Airbnb, REUTERS, flotations, Democratic National Convention, Hollywood, General Atlantic, TPG, underwriters Locations: SOMA, San Francisco , California, U.S, Denver
Breakingviews - Airbnb IPO price deserves more stars than DoorDash
  + stars: | 2020-12-01 | by ( Robert Cyran | ) www.reuters.com + 0.00   time to read: +2 min
Cash flow from operations exceeded investment by over $500 million between 2011 and the end of 2019. Airbnb’s free cash flow fell from over $500 million in 2018 to about $100 million in 2019 as it expanded in China and spent heavily on technology. Airbnb, on the other hand, burned over $500 million in the period. Airbnb’s revenue fell by about a third in the first nine months of 2020 compared to the prior year, to about $2.5 billion. The IPO price ranges could change, but for now Airbnb’s is looking like the one to book.
Persons: Gabrielle Lurie, Brian Chesky, Cash Organizations: REUTERS, YORK, Reuters, Uber Technologies Locations: SOMA, San Francisco , California, U.S, China
In a regulatory filing on Tuesday, Airbnb said it was looking to sell up to $2.6 billion in stock in its initial public offering. Airbnb set a target price range to sell 51.9 million shares for between $44 and $50 each. Including the option shares, Airbnb is aiming to raise about $2.85 billion at the upper end of the range. At the top of the target range, the IPO will give Airbnb a fully diluted valuation, which includes securities such as options and restricted stock units, of $34.8 billion, nearly double the $18 billion Airbnb was worth in an April private fundraising round. Reuters was the first to report in October that Airbnb was aiming to raise around $3 billion in its IPO that could value it at more than $30 billion.
Persons: Gabrielle Lurie, Brian Chesky, Joe Gebbia, Nathan Blecharczyk, Airbnb, Andreessen Horowitz, Ashton Kutcher, Morgan Stanley, Goldman Sachs Organizations: Reuters, REUTERS, Sixth Street Partners, flotations, Warner Music Group, Palantir Technologies, Snowflake Inc, Chesky, Democratic National Convention, Hollywood, General Atlantic, TPG, Hillhouse, Vanguard Group, Fidelity Investments, Nasdaq, underwriters Locations: SOMA, San Francisco , California, U.S, Silver, San Francisco, Denver
Of the shares being sold, Airbnb founders Brian Chesky, Joe Gebbia and Nathan Blecharczyk will together sell nearly $100 million worth of shares in the IPO launch. At the top of Airbnb’s target range, the IPO will give Airbnb a fully diluted valuation, which includes securities such as options and restricted stock units, of $34.8 billion. This is nearly double the $18 billion Airbnb was worth in an April private fundraising round and above the $31 billion in its last pre-COVID-19 private fundraising in 2017. Chesky’s stake would be valued at about $3.8 billion, while those of Gebbia and Blecharczyk would be worth about $3.5 billion each. Sequoia Capital, which first invested in Airbnb in 2009, would have a stake worth more than $4 billion.
Persons: Gabrielle Lurie, Airbnb, Brian Chesky, Joe Gebbia, Nathan Blecharczyk, they’ve, , Matthew Kennedy, Andreessen Horowitz, Ashton Kutcher, Morgan Stanley, Goldman Sachs Organizations: Reuters, Airbnb, U.S, REUTERS, Lake, Sixth Street Partners, Renaissance, Sequoia Capital, Nasdaq, LONG, flotations, Warner Music Group, Palantir Technologies, Snowflake Inc, Chesky, Democratic National Convention, Hollywood, General Atlantic, TPG, Hillhouse, Vanguard Group, Fidelity Investments, underwriters Locations: SOMA, San Francisco , California, U.S, San Francisco, Airbnb, Denver
Breakingviews - Airbnb’s IPO doesn’t require head-in-sand moment
  + stars: | 2020-11-17 | by ( Gina Chon | ) www.reuters.com + 0.00   time to read: +2 min
That isn’t great, but it isn’t bad relatively speaking either. An IPO valuation above $31 billion – its last private marker in 2017 - isn’t a stretch. Like most companies in the hospitality and travel sectors, Airbnb’s business was initially injured when global lockdowns put a kibosh on travel. That was almost half its 2017 private fundraising value, justified by a second quarter revenue drop of about 72%, according to a draft prospectus filed with the Securities and Exchange Commission on Monday. Like other technology companies, Airbnb has a share structure that puts voting control into Chesky’s hands.
Persons: Gabrielle Lurie, Brian Chesky, Airbnb Organizations: REUTERS, FRANCISCO, Reuters, Securities and Exchange Commission, Hilton Worldwide, Booking Holdings Locations: SOMA, San Francisco , California, U.S, China, priceline.com
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