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☆ A woman rented out her $1.7M LA home — then her tenant left the country and turned it into an illegal Airbnb: report
▼ + stars: | 2024-05-24 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +5 min

"He seemed like the perfect tenant until he turned into a nightmare," Sriram told the outlet. When confronted, Jarzabek denied subletting the property, but Sriram found listings for it on Airbnb, the Times reported. AdvertisementInitially, the Airbnb account was hosted by someone named Rich Jacobs. Sriram told the Times she eventually resorted to showing up at the property to warn guests about the situation. According to the Times, Jarzabek stopped paying rent after Sriram filed the eviction notice.

Persons: —, Nikeeta Sriram, Sriram, Nicholas Jarzabek, Jarzabek, Rich Jacobs, Monthier, Airbnb, Jacobs, Nick Diver, Diver Organizations: Service, Los Angeles Times, The Times, Business, Times, Police, Los Angeles Superior Court Locations: Angeles, United Kingdom, Los Feliz, LA, London, Airbnb

☆ Jury in trial of tech CEO Fahim Saleh's killer hears grisly 911 call: 'His head is not there anymore!'
▼ + stars: | 2024-05-24 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

the operator asks, to which the woman sobs, "No! the 911 operator asks Saleh's cousin in the recording played Friday. the operator asks. Prosecutors told jurors that these bags held Saleh's head and limbs. A crime scene photo showing tech CEO Fahim Saleh under attack by his killer just inside the victim's Manhattan condominium.

Persons: —, Gokada, Fahim Saleh, Saleh, Tyrese Haspil, Linda Ford, Sam Roberts, Alan Chin, Haspil, Chavaux, Roberts, he'd, sobs, gasps, Prosecutors, he's, Gigi Jordan Organizations: Service, Business, Manhattan, Prosecutors Locations: Bangladeshi, Nigeria, Manhattan, France

We break down key info on booking long-term Airbnbs, including fee and cancellation policies. While long-term Airbnb listings will show up in a standard search, you can also more easily find them by going directly through the website's sublet hub. Not to mention, booking a long-term Airbnb is an easy way to earn travel points on your credit card. Long-term Airbnb discounts start at bookings of 28 days or more. Do you still have to pay fees on a long-term Airbnb rental?

Persons: weeklong, Airbnb, —, You'll, someone's, you'll, it's, you've, Airbnb's Organizations: Business, Service Locations: Airbnb, Seattle, New York City, Brooklyn, Bellville , Kansas

☆ When my husband and I got married, I wasn't sure if I wanted kids. Now I'm 72 and childless, and I don't regret it.
▼ + stars: | 2024-05-21 | by ( Louisa Rogers | ) www.businessinsider.com time to read: +5 min

At the time I thought I might want to have kids, and Barry thought he probably didn't. During college I told my mother that I worried that I wouldn't make a good parent because I didn't enjoy children much. Louisa Rogers and her husband Barry enjoy spending time with their grandsons. On the other hand, I married Barry knowing he was uncertain, so my wish couldn't have been that strong. Since I have many peers who, like me, don't have biological children, I don't feel alone.

Persons: —, Barry, Louisa Rogers, That's, I'd, I'm Organizations: Service, Business, Honda, San Francisco General Hospital Locations: Washington, DC, Mexico

☆ The fraud trial of Ozy Media cofounder Carlos Watson has begun. His attorneys have argued race played a role in his indictment.
▼ + stars: | 2024-05-20 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

Read previewAttorneys began jury selection in the criminal fraud trial of Carlos Watson, the cofounder of the fallen digital media startup Ozy Media. This story is available exclusively to Business Insider subscribers. Carlos Watson is a Black man and Ozy Media was majority-owned by people of color." AdvertisementAttorneys for Watson did not immediately respond to a request for comment from Business Insider on Monday. Semafor co-founder, former New York Times columnist, and BuzzFeed News editor in chief Ben Smith and Ozy co-founder Carlos Watson.

Persons: —, Carlos Watson, Watson, Watson's, Semafor, Ben Smith, Ozy, Dia Dipasupil, Kimberly White, Marc Lasry, Laurene Powell Jobs, Ron Conway, Axel Springer, Smith, Samir Rao, Suzee Han, Goldman Sachs Organizations: Service, Ozy Media, Business, Prosecutors, Apple, Google, Vice Media, New York Times, Goldman Locations: Brooklyn , New York, Buzzfeed

☆ Airbnb hosts are bracing for an unpredictable summer
▼ + stars: | 2024-05-19 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

Read previewLast summer ushered in a new normal for hosts on Airbnb and other short-term rental booking websites. Ahead of summer 2024, hosts face pressure to stand out from all the other listings in their areas. Adding additional stress is the increased unpredictability of travelers themselves — hosts say guests are booking trips more last-minute than the advance-planning of years past. With direct bookings, hosts are responsible for collecting the proper paperwork for background checks and payment information, and they don't have the additional insurance offered by the major platforms. Influencers can also help promote direct booking, Burke said.

Persons: —, Vrbo, they're, Emily Burke, Rick Kenworthy, he's, Kenworthy, Ryan Villines, Villines, Burke, she'll, she's, they've, who've, Influencers, Tulsans Organizations: Service, Business, Airbnb Locations: Tulsa , Oklahoma, Arizona, Scottsdale, Phoenix, Airbnb, Missouri, Tulsa

☆ In response to a string of deaths, Airbnb CEO says it's 'really hard' to make hosts install carbon monoxide detectors
▼ + stars: | 2024-05-19 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Chesky said it is "hard" to enforce a carbon monoxide mandate across 220 countries and regions. NBC News reported that at least 19 deaths at Airbnbs involved carbon monoxide poisoning. AdvertisementAirbnb CEO Brian Chesky said enforcing certain safety measures, like carbon monoxide detectors, across all listings worldwide is "very hard." NBC reported in November 2023 that there had been 19 deaths on Airbnb properties related to carbon monoxide poisoning. Airbnb responded to the initial deaths in 2014 by asserting it would mandate carbon monoxide detectors in all its listings but that's yet to happen, the outlet said.

Persons: Brian Chesky, Chesky, —, Airbnb Organizations: NBC News, Service, NBC Nightly, NBC, Business

☆ Some Airbnb hosts run over 20 properties. Here are the 15 cities these megahosts dominate the most.
▼ + stars: | 2024-05-18 | by ( Dan Latu | Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

In popular ski destination Steamboat Springs, Colorado, for example, over 60% of the town's total short-term rental inventory is controlled by professional hosts. In 2023, the town created red zones where new short-term-rental permits were banned, according to local radio outlet KUNC. "It's been really lovely," Steamboat Springs resident Torey Wodnik told KUNC about living in the new red zones. Professional hosts may also have the upper hand in offering discounts and adjusting daily rates to capture more guests. Here are the 15 cities with the largest shares of Airbnb hosts that are professional companies.

Persons: —, It's, Torey Wodnik, Jamie Lane, David, Lane Organizations: Service, Business, Steamboat Locations: Oregon, Lincoln City, Newport, New Mexico, Ruidoso, Springs , Colorado, Springs, Steamboat

☆ Insider Today: Etihad Airways' 'apartment' seats
▼ + stars: | 2024-05-18 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Open House OpticsThis week's dispatchSkinny houses, big dramaAdvertisementCould you live in a 10-foot-wide house? That's the case for this skinny home, which was built out of spite because the neighbors didn't want the house built on a leftover residual lot. iStock; Rebecca Zisser/BIEtihad Airways' private 'apartments'Forget business class — Etihad Airways offers private "apartments," or rooms with a closing door, a couch that converts to a bed, and a reclining chair. Rory JonesBuilding a home in BaliDespite never visiting the Indonesian island, an Australian couple built an investment property in Bali.

Persons: —, didn't, Jordan, Rebecca Zisser, Guy Fieri, Kevin Mazur, Fieri, it's, Fiona Chandra, Rory, Casey Jones, Rory Jones, they're, Tyler Le, Colin, Young Sheldon, Ashley Madison Organizations: Service, Business, BI Etihad Airways, Etihad Airways, Conrad, CBS Locations: Albuquerque , New Mexico, Mission , Texas, New Haven , Connecticut, Jacksonville Beach , Florida, Washington ,, Maldives, Conrad Maldives, Bali, Indonesian, Australian

☆ A millennial CEO launched a fully remote tech company. He says hybrid work is the worst of both worlds.
▼ + stars: | 2024-05-18 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "The point of it was to be silly and to put people in different environments and situations where they could create new networks and pathways to people in the company," Pitt said. 'It's easy to look busy'Another way the company tackles remote work for an employee base spread around the world is to cluster some functions. Rather than dwelling on where workers work, a big focus is on developing trust, Pitt said. AdvertisementAnd, Pitt said, if workers care about the mission, it doesn't matter whether they work in an office or from afar.

Persons: —, Keith Pitt, Pitt, zaniness, hybrid's, Buildkite Pitt, Slack, Buildkite, I'm Organizations: Service, Business, Buildkite, Pitt, IRL, Workers Locations: Buildkite, Perth, Australia

☆ I spent 2 nights at a 2-story, 100-square-foot tiny home in Germany that was smaller than any I've seen in the US. Take a look inside.
▼ + stars: | 2024-05-17 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

The 106-square-foot home made smarter use of space than any tiny home I've seen in the US. It had a unique cylindrical shape and was less than half the size of the US tiny homes I've booked. So, I'm intrigued by tiny homes because they tend to make good use of a small space. I've stayed in several tiny Airbnbs around the world, from Florida and Maryland to Canada and Switzerland. This story is available exclusively to Business Insider subscribers.

Persons: —, I've, I'm Organizations: Service, Business Locations: Germany, Florida, Maryland, Canada, Switzerland

☆ AI chatbots spew out nonsense too often. But there's a solution: retrieval-augmented generation.
▼ + stars: | 2024-05-16 | by ( Matthew S. Smith | ) www.businessinsider.com time to read: +9 min

RAG was the first," said Bob van Luijt, the CEO and cofounder of the AI data infrastructure company Weaviate. WeaviateThe innovation that's sweeping AI"Every industry that has a lot of unstructured data can benefit from RAG," van Luijt said. Courtesy of Kyle DeSanaHe said that a successful RAG chatbot could carry its own pitfalls. AI engineers are eager to find more proactive solutions that don't require constant meddling with the data RAG provides to the AI. Put simply, an AI chatbot would have an effectively infinite memory, letting it "remember" any data presented to it in the past.

Persons: —, OpenAI's ChatGPT, RAG, Bob van Luijt, Bob, van Luijt, Nadaa, Taiyab, van Lujit, Van Lujit, that's, Kyle DeSana, DeSana, Weaviate, it's Organizations: Service, Nvidia, Companies, Google

☆ I've stayed in Airbnbs around the world by myself. My top tip for solo travelers is to book for 2 people — even if it costs more.
▼ + stars: | 2024-05-15 | by ( Joey Hadden | ) www.businessinsider.com time to read: +3 min

Read previewCozy cabins, unique tiny homes, luxury apartments — I've booked them all through Airbnb. As a travel reporter, I've stayed in accommodations around the world, from the US and Canada to Western Europe. Usually, I travel solo. AdvertisementWhen it comes to staying in Airbnbs solo, my best tip is to book accommodation for two peopleThe author stays at a tiny-home hotel in Germany that she booked through Airbnb. But after all my unique Airbnb experiences, I think it's worth booking them even when I'm alone.

Persons: —, I've, I'm, Joey Hadden Organizations: Service, Business, Quebec City, Airbnb Locations: Airbnb, Canada, Western Europe, Airbnbs, Switzerland, Europe, Niagara Falls, Montréal, Quebec, Germany, Rome

☆ A low-income millennial mom was evicted from her apartment but isn't 'homeless enough to get help'
▼ + stars: | 2024-05-15 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

It's a studio-size garage apartment that she shares with her partner, her 11-year-old daughter, and their dog. The Airbnb is the third place in southeastern North Carolina where Hedden and her family have lived since mid-January. Advertisement"I'm not homeless enough to get certain help because I have a roof over my head," she said. "But I'm too homeless to get a job because I don't know where I'm going to live in three weeks. Without help, Hedden said she's "trying not to drown."

Persons: —, Melissa Hedden, Hedden, I'm, hasn't, ALICE, ALICEs, Hedden's, She's, she's Organizations: Service, Business, BI, Survey, United Way's, Florida Medicaid Locations: Wilmington , North Carolina, It's, North Carolina, Bradenton , Florida, Florida

☆ I used to be a public school teacher. Now I work as a 'middleman' government contractor and can travel when I want to.
▼ + stars: | 2024-05-12 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

I used to be a special-ed teacher at a public school in Ohio, making around $50,000 annually. I work as a middleman, which means I'm the prime contractor and I bid on the opportunity. I've signed contracts in all kinds of sectors, including landscaping, HVAC cleaning, and construction. I put in about an hour of work on government contracting every dayI spend about an hour a day on government contracting. I have a team member that I work with now as well, and we work on finding opportunities, getting quotes, and submitting proposals.

Persons: —, Wes Fisher, I'm, I've, it's, texted Organizations: Service, Business, Forest Services Locations: Ohio, California , Nevada , Oregon , Pennsylvania, Florida, Louisiana, California, Utah, Panama, Dubai, Jamaica, Chicago, San Francisco

☆ A millennial couple invested in a $143,000 vacation home in Bali. It's become the crux of their early retirement strategy.
▼ + stars: | 2024-05-12 | by ( Amanda Goh | ) www.businessinsider.com time to read: +8 min

Rory and Casey Jones built a villa in Bali for 2.287 billion Indonesian rupiah, or about $143,000. AdvertisementFor Rory Jones and his wife Casey, building a house in Bali seemed like a good idea — even though they had never been to Indonesia. The couple, from Tasmania, Australia, dreamed of retiring early, so they spent a lot of time investing in the stock market. Rory and Casey Jones built a villa in Bali. That said, the couple has plans to build more investment properties in Bali in the future.

Persons: Rory, Casey Jones, —, Rory Jones, Casey, Jones, " Jones, videographer, aren't, Propertia Organizations: Service, Global Consulting, Facebook Locations: Bali, Indonesia, Tasmania, Australia, Thailand, Philippines, Portugal, Southeast Asia, Bingin, Uluwatu

☆ Morgan Stanley says these stocks could follow Meta and Alphabet in announcing a dividend
▼ + stars: | 2024-05-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The dividend stock club could soon get new members, according to Morgan Stanley. Alphabet and Meta Platforms are among the most recent high-profile names to initiate a dividend to give back to shareholders. The search giant announced a 20-cent per share quarterly dividend in April, while Meta Platforms authorized a 50-cent per share dividend in February. The moves bring the total tally of "Magnificent Seven" stocks offering a dividend to five, along with Nvidia, Microsoft and Apple. Broken down by sector, consumer staples, energy and communication services stocks tend to outperform, while materials is the only sector that underperforms following a dividend initiation.

Persons: Morgan Stanley, Todd Castagno, Castagno, Instacart, Regeneron Organizations: Meta, Nvidia, Microsoft, Apple, PayPal, Palo Alto Networks, Expedia Group

☆ Behind America's divided economy: Booming luxury travel and a jump in 'relief' loans
▼ + stars: | 2024-05-10 | by ( Alex Harring | ) www.cnbc.com time to read: +11 min

First-class travel has exhibited special strength, though management noted that can be tied in part to a resurgence of business trips. People taking these loans are more likely to be lower-income with no more than a high school diploma, Lanier said. Daniel Acker | Bloomberg | Getty ImagesFrozen food maker Tyson Foods has seen consumers shifting more to eating at home than the quick-service restaurants it supplies. It's also important to remember that lower-income Americans were feeling financial pressures before the pandemic, said Tyler Schipper, an associate professor of economics at the University of St. Thomas in Minnesota. Airbnb touted interest in travel to events like the Paris Olympics and the European Cup in Germany this summer.

Persons: there's, It's, Christophe Le Caillec, underscoring, Blair Lanier, Lanier, McDonald's, Tyson, Daniel Acker, Tyson Foods, Stanley Black, Decker, Jane Fraser, CNBC's Sara Eisen, Fraser, Nancy Lazar, Piper Sandler, Tyler Schipper, Thomas, Schipper, Eric Thayer, We've, Cliff Pemble Organizations: TSN, American Express, Federal Reserve, CNBC, People, University of Michigan, San Francisco Federal Reserve, U.S, PepsiCo, Bloomberg, Getty, Tyson, Management, Adobe Analytics, Furniture, Citigroup, University of St, Airlines, Delta Air Lines, JetBlue Airways, Caribbean . Booking Holdings, Paris Olympics, European, Ticketmaster, Cedar Fair, Flags, Wayfair, Garmin Locations: America, U.S, Minnesota, New York, Germany, Valencia , California

☆ Airbnbs are primed to take over Miami, which is already facing a housing crunch
▼ + stars: | 2024-05-10 | by ( Dan Latu | ) www.businessinsider.com time to read: +3 min

A Florida real-estate firm forecasts that 31 pre-construction condo buildings in the Miami region are ripe for Airbnbs. So many, in fact, that they outnumber the amount of traditional rentals tagged for development over the same time. "We've had a development industry that is adding more short-term rentals to South Florida inventory," Studnicky told BI. AdvertisementDevelopers in the Miami region should focus on creating more traditional rentals to alleviate pressure in the market, Studnicky believes. In the past 10 years, Studnicky estimates a much more robust 20,000 traditional rental units were built in Miami.

Persons: —, Craig Studnicky, Studnicky, We've Organizations: ISG, Service, Dade, Miami Homes, Miami Locations: Florida, Miami, Dade County, Broward County, South Florida, Broward

☆ Thursday’s rapid fire: Arm Holdings, Airbnb, Robinhood, Roblox and Yeti
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThursday’s rapid fire: Arm Holdings, Airbnb, Robinhood, Roblox and YetiCNBC’s Jim Cramer on Thursday discussed the earnings reports of Arm Holdings, Airbnb, Robinhood, Roblox and Yeti.

Persons: Jim Cramer Organizations: Arm Holdings

☆ Here are Thursday's biggest analyst calls: Apple, Sunrun, Costco, Arm, Fox, Robinhood, Airbnb & more
▼ + stars: | 2024-05-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Goldman Sachs reiterates Sunrun as buy Goldman said it's sticking with its buy rating following earnings on Wednesday. " JPMorgan reiterates SolarEdge as overweight JPMorgan said it's sticking with its overweight rating following earnings on Wednesday. " Citi reiterates Airbnb as buy Citi said it's standing by its buy rating on shares of Airbnb following earnings on Wednesday. JPMorgan reiterates Instacart as overweight JPMorgan said it's sticking with its overweight rating on shares of Instacart following earnings on Wednesday. Bank of America reiterates Apple as buy Bank of America said it's sticking with its buy rating following data showing App Store strength.

Persons: Goldman Sachs, Sunrun, Goldman, JPMorgan, SEDG, Shopify, Redburn, Mizuho, Robinhood, Airbnb, Davidson downgrades TripAdvisor, Raymond James, Fox, Cantor Fitzgerald, Cantor, EVGO, it's, Wolfe, Skyworks, SWKS, we're Organizations: JPMorgan, Bloomberg, Holdings, Deutsche Bank, Emerson, Deutsche, Citi, Bank of America, Fox, of America, Solutions, Barclays, UBS, Costco, Apple Locations: EBITDA

☆ Stock market today: Indexes mixed as jobless claims jump to highest since August
▼ + stars: | 2024-05-09 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Initial claims climbed to 231,000 last week, marking the highest level since August. A handful of disappointing earnings results have come at the tail end of an otherwise upbeat season. AdvertisementMajor stock indexes were mixed on Thursday as traders mulled a fresh job report that showed the labor market cooling. A handful of disappointing earnings reports have capped off what's otherwise been a fairly upbeat earnings season. Markets will be tuned into more Fed speakers Thursday and Friday.

Persons: Stocks, —, Mary Daly, Michelle Bowman Organizations: Service, Federal Reserve, Treasury, Labor Department, Dow Jones, Warner Bros, San Francisco Fed, Dow, Nasdaq Locations: Here's

☆ Airbnb's customers keep complaining about the costs compared to hotels. The company seems to be listening.
▼ + stars: | 2024-05-09 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewWhen Airbnb started, CEO Brian Chesky said its tagline "was a cheap, affordable alternative to a hotel" — but customers aren't finding it so cheap anymore. Customers have complained on social media about the rising cost of Airbnb due to booking costs and cleaning fees. Advertisement"A year and a half ago, we noticed that, you know, there was a lot of concern about Airbnb prices increasing," Chesky said. According to the CEO, two million hosts now use the compare listing. Chesky also said Airbnb started offering monthly and weekly discounts for guests with longer stays.

Persons: —, Airbnb, Brian Chesky, you've, Chesky, it's Organizations: Service, Business

☆ Airbnb CEO on Q1 results, Icons launch: We are just scratching the surface of our core business
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirbnb CEO on Q1 results, Icons launch: We are just scratching the surface of our core businessAirbnb co-founder and CEO Brian Chesky joins 'Squawk on the Street' to discuss the company's quarterly earnings results, the launch of 'Icons', growth outlook, international expansion, and more.

Persons: Brian Chesky

☆ Campus Protesters Are Demanding Colleges Divest From Israel. That Is Intellectually Impossible. - The New York Times
▼ + stars: | 2024-05-09 | by ( Gary Sernovitz | ) www.nytimes.com time to read: +1 min

“Disclose, divest, we will not stop, we will not rest” is a frequent chant ringing through pro-Palestinian college protests. A proposal Columbia students put forward in December calls for divestment from Microsoft, Airbnb, Amazon and Alphabet, among others. Administrators at some universities, including Brown and Northwestern, have agreed to talks with students about divestment as part of agreements to end campus encampments. Before the war in Gaza, it had been pretty easy for universities to make compromises around divestment demands, but those expedient choices are haunting them now. Every investment in elite schools’ endowments is up for debate.

Persons: Airbnb, Brown, “, ” Organizations: Hamas, Columbia, Microsoft, West Bank, University of Michigan Regents Locations: Israel, Columbia, Northwestern, Gaza

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