DIRS.INFO The most relevant business & tech news

Airbnb Chief Financial Officer Dave Stephenson will transition into a newly created chief business officer role at the company. Airbnb Chief Financial Officer Dave Stephenson, who helped guide the company through Covid-19 tumult and an initial public offering, will transition into a newly created chief business officer role, Airbnb CEO Brian Chesky said in a Tuesday note to employees viewed by CNBC. Chesky said Stephenson's new role would also mark an "inflection point" for Airbnb, where the business would begin to focus on growth across existing and new businesses. "As Chief Business Officer, Dave will be across all aspects of our strategy to expand beyond the core," Chesky wrote. Before joining Airbnb, Stephenson was finance chief at Amazon's Worldwide Consumer unit.

Persons: Dave Stephenson, Brian Chesky, Ellie Mertz, Stephenson, Chesky, Dave, . Mertz, Catherine Powell, Airbnb, Nathan Blecharczyk, Joe Gebbia, — CNBC's Laura Batchelor Organizations: CNBC, Airbnb, Amazon's, Disney, CNBC PRO Locations: Covid, Airbnb

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBRUSSELS, Nov 10 (Reuters) - EU countries and European Parliament lawmakers are set to agree on light touch rules for Airbnb (ABNB.O) next week, three people familiar with the matter said on Friday. The rules for short-term accommodation rental services, proposed by the European Commission last year, aimed to tackle the patchwork of different national laws across the 27-country zone regulating Airbnb and similar companies. Officials from EU countries and EU lawmakers will meet to thrash out the final details of the rules on Nov. 15, according to the Parliament agenda. Airbnb said EU-wide rules would be a watershed moment for short-term rental companies. Paris, Venice, Barcelona and other places popular with tourists blame Airbnb for aggravating housing shortages by pushing out lower-income residents.

Persons: Dado Ruvic, Airbnb, Nathan Blecharczyk, Foo Yun Chee, Kirsten Donovan, David Evans Organizations: REUTERS, Rights, Big Tech, European, Reuters, Thomson Locations: Rights BRUSSELS, Spain, Paris, Venice, Barcelona

☆ Airbnb CEO shares the No. 1 thing people get wrong about success: I thought 'everything in my life would be fixed'
▼ + stars: | 2023-09-07 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Even as Airbnb's popularity and private valuation soared throughout the 2010s, Chesky didn't feel successful, he said — and he thought taking the company public would help. The Airbnb CEO originally moved to Silicon Valley and started his company in 2008 with co-founders Joe Gebbia and Nathan Blecharczyk. In response, Chesky dedicated all his energy to making Airbnb more successful, hoping it'd fulfill him, he said. The ongoing research, which started in 1938, has found that career and financial success don't make participants feel more content. Six months later, the company launched its Airbnb Rooms service, which allows hosts to rent out individual bedrooms in their homes.

Persons: Brian Chesky, Dax Shepard's, Chesky, —, Joe Gebbia, Nathan Blecharczyk, it'd, Marc Schulz, Warren Buffett Organizations: Harvard University, Reuters, San Locations: Silicon Valley, San Francisco, Airbnb

☆ An Airbnb cofounder is on a roll — he got $3 billion richer and cashed in $1 billion worth of stock this year
▼ + stars: | 2023-07-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Airbnb cofounder Joe Gebbia sold over $1 billion in Airbnb Class A shares this year. The stock soared 70% this year, upping Gebbia's net worth to nearly $9 billion. Airbnb cofounder Joe Gebbia is on a roll his year as share prices of the home-sharing platform surge post-pandemic. He has sold nearly $1.4 billion worth of Airbnb stock so far, per Bloomberg. On Tuesday, the Nasdaq-listed Airbnb shares closed 0.8% higher at $146.53 apiece.

Persons: Joe Gebbia, Gebbia, Gebbia —, —, Brian Chesky, Nathan Blecharczyk, Airbnb Organizations: Airbnb, 251st, Bloomberg, Tesla, Nasdaq Locations: Airbnb, Samara

☆ Airbnb CEO shares the best advice he's ever received—it's 'counterintuitive to almost everything everyone says’
▼ + stars: | 2023-05-24 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

A single piece of advice from an investor helped Airbnb CEO Brian Chesky grow his company from a struggling startup to an industry giant worth roughly $70 billion. That's according to Chesky himself, who told attendees at a recent Stanford Graduate School of Business event that it was "the best piece of advice I ever got." The advice: "Focus on 100 people that love you, rather than getting a million people to kind of like you," Chesky said. It came courtesy of Paul Graham, the co-founder of tech startup accelerator Y Combinator, who advised Airbnb's co-founders — Chesky, Joe Gebbia and Nathan Blecharczyk — to focus on a tiny audience of potential customers as they built their company. For early Airbnb, that meant creating experiences for guests that stood out from staying at a hotel or crashing on a couch.

☆ Airbnb is rolling out extensive changes to its platform, including 'Airbnb Rooms,' which it says will make it easier for travelers to stay with locals
▼ + stars: | 2023-05-03 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Airbnb is rolling out extensive changes to its platform, including over 50 new features, it said Wednesday. Among the changes is the introduction of "Airbnb Rooms," which marks a return to the company's origins. "Rooms" is designed to make it easier to stay without locals in their spare rooms, Airbnb said. "Airbnb Rooms are often more affordable than hotels, and they're the most authentic way to experience a city. Among the other changes, Airbnb listed seven that aim to improve the guest's experience, including better, faster maps and a redesign of guest wishlists.

☆ When Brian Chesky co-founded Airbnb, his mom said, 'You're not an entrepreneur, you're unemployed'—now he's worth $9.3 billion
▼ + stars: | 2023-05-03 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

That's according to Chesky, who told the story at a recent Stanford Graduate School of Business event. Months before Airbnb's scheduled initial public offering, business dropped 80% in eight weeks during Covid-19 lockdowns, Chesky told Stanford students. Today, Airbnb's market cap is $75.49 billion, and Chesky's net worth is $9.3 billion, according to Forbes. "I never focused on trying to make a lot of money," Chesky said. DON'T MISS: Want to be smarter and more successful with your money, work & life?

☆ Airbnb swerves tech rout with constant change: podcast
▼ + stars: | 2023-05-02 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: 1 min

NEW YORK, May 2 (Reuters Breakingviews) - The $77 bln travel company weathered the pandemic and is now navigating a tech valuation bloodbath. Its co-founder Nathan Blecharczyk told The Exchange podcast that lessons learned during Covid-19 about disruption and never sitting still are key to its future. Listen to the podcastFollow @thereallsl on TwitterSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Amanda Gomez and Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Airbnb CEO says his $75 billion company was rejected by investors—until a $40 box of cereal turned things around
▼ + stars: | 2023-04-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Airbnb CEO Brian Chesky and his two co-founders did it with $40 boxes of cereal. Specifically, they sold self-designed cereal boxes featuring then-presidential candidates Barack Obama and John McCain as a breakfast option in Airbnbs. The cereal proved popular, selling more than 1,000 boxes and making $30,000 for the company, Chesky said. It might have never happened without the cereal: Airbnb was rejected by multiple major investors during its first year of operations, Chesky noted in a 2015 Medium post. "The investors that rejected us were smart people, and I am sure we didn't look very impressive at the time," he wrote.

☆ Airbnb CEO Brian Chesky's assistant shares the main reason why his schedule is so difficult to manage and how she broke into Big Tech
▼ + stars: | 2023-03-28 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

Sugar-Carlsgaard is the senior executive assistant to the cofounder and CEO of Airbnb. She was headhunted to join Airbnb as the senior-executive assistant to Chesky, the CEO, in 2019, and she describes the company as "captivating." Before Sugar-Carlsgaard started, Chesky's team was beginning to transition into having "a lot of eyes" on them as Airbnb grew bigger. It's the way Airbnb functions, she said. Breaking into Big Tech was about "trusting myself and being able to sell myself and my experiences," she said.

☆ Airbnb is launching a service to help renters find apartments they can let for short stays
▼ + stars: | 2022-12-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Airbnb is launching a program that will showcase "Airbnb-friendly apartment buildings" to rent. It will allow prospective renters to let their homes for short stays, per a press release. The company's co-founder says the service will help renters make more cash amid rising living costs. The company has partnered with major landlords to provide the service as renters are typically prohibited from listing their apartments on Airbnb, per CNBC. Airbnb said in a news release the service would help renters make extra cash during a difficult economic period.

☆ Airbnb launches platform allowing renters to host apartments, partnering with major landlords
▼ + stars: | 2022-11-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Airbnb is partnering with several major landlords and management companies to list designated apartment buildings where renters are allowed to offer short-term sublets on the site. To start, Airbnb is showcasing 175 apartment buildings in more than 25 major markets, including Los Angeles, San Francisco, Atlanta, Dallas, Houston, Denver, Seattle and Phoenix. The platform will help tenants host their rentals, and help the buildings attract tenants who may want to host. Apartment buildings can also charge the primary tenant a fee of up to 20% of the price of each Airbnb use. "We are collaborating with Airbnb on this innovative approach to participate in the 21st century sharing economy in a thoughtful way."

☆ Airbnb says single-room listings jump amid cost-of-living crisis
▼ + stars: | 2022-11-16 | by ( Abhijith Ganapavaram | ) www.reuters.com time to read: +2 min

Nov 16 (Reuters) - Airbnb Inc (ABNB.O) said on Wednesday it had recorded a "disproportionate" 31% rise in single-room listings on its platform in the third quarter, as more people sought extra income in the face of a cost-of-living crisis. The company said property listings rose across regions, without disclosing specific numbers, and to aid the growth, it unveiled an app update on Wednesday to make the process easier. Some popular tourist destinations have, however, blamed the company for aggravating housing shortages, as landlords increasingly rent out properties to vacationers amid a surge in travel, rather than going for long-term tenants. It is also expanding its 'categories' feature, which will allow users to book vacations without entering a destination. Reporting by Abhijith Ganapavaram in Bengaluru and additional reporting by Doyinsola Oladipo in New York; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Airbnb salaries revealed: See how much engineers, developers, and hundreds of other employees at the housing-rental company make
▼ + stars: | 2022-10-04 | by ( Diamond Naga Siu | Madeline Stone | ) www.businessinsider.com time to read: +2 min

Airbnb is one of the few companies letting employees work remotely; and it's paying them well, too. We analyzed hundreds of H-1B visa applications to get a sense of how much Airbnb pays employees. Every Airbnb employee included in the most recent visa data makes six figures. Earlier this year, the company announced that its 6,000 employees could continue to work remotely permanently, with no effect on their pay. The data does not include stock grants that can significantly increase total compensation, but it is a valuable guide to Airbnb salaries for a variety of positions.

Search resuls for: "Nathan Blecharczyk"

14 mentions found