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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Pressure, stress, and lonelinessHead honchos have been calling out the difficulties of their jobs for years. Tesla and SpaceX CEO Elon Musk has bemoaned that running a company is "really not that fun" and "just awful" at times. "The depths of loneliness I experienced as a CEO are difficult to put into words," he posted on X in January. The combination of immense pressure, stress, loneliness, and lack of work-life balance that often comes with being a CEO may well explain why few people last long in the role.
Persons: , HSBC's Noel Quinn, Bob Bakish, Dr Martens, Kenny Wilson, Andrew Challenger, HSBC's Quinn, Elon Musk, Musk, Grzegorz Wajda, Brian Chesky, Warren Buffett, Berkshire Hathaway, Buffett Organizations: Service, Paramount, Business, SpaceX, Berkshire, he's
A real estate agent who rents her Hamptons home got caught up in an Airbnb scam. Photos of her property were used for a fake listing, The Real Deal reports. AdvertisementA Corcoran real-estate agent and East Hamptons homeowner was caught up in an Airbnb scam when a fake listing for her property showed on the rental platform, The Real Deal reports. According to the Real Deal, Sarah Stewart rents her Hamptons home in the spring and summer, but not through Airbnb. Though Stewart got the scam pages taken down, she told The Real Deal the ordeal was "terribly upsetting."
Persons: , Corcoran, Sarah Stewart, Stewart, Airbnb, Brian Chesky Organizations: Hamptons, Service, East Hamptons, Real, Labor
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Karthik Shanadi and Luke McGurrin did just that — and they started their brand, Greek House, out of their fraternity house with a slim $500 budget. Since launching Greek House in 2013, the cofounders have added three more apparel brands. Courtesy of Karthik ShanadiIt helped that Shanadi and McGurrin eventually expanded into what he considers a "high barrier niche": licensed merchandise. In 2016, about three years after starting Greek House, they received a notice from a licensing agency.
Persons: , Karthik Shanadi, Luke McGurrin, Shanadi, McGurrin, Brian Chesky, Threadly, that's, We're Organizations: Service, Business, University of Florida Locations: Portugal, Philippines, India
CNN —Airbnb wants more renters, and not just homeowners, to be able to become hosts on its short-term rental platform. New York City, for example, has argued that short-term rental platforms like Airbnb limit available housing supply, leading to overall higher rents, and that they can be disruptive to neighborhoods. “A lot of the early laws that were made limited short-term rental to homeownership,” Theo Yedinsky, the vice president of public policy at Airbnb, told CNN. These renters, however, will still have to get permission from their landlord to host on Airbnb (Airbnb has no involvement in individual lease agreements between property owners and tenants). And many major cities, including New York, are increasingly cracking down and heavily restricting the short-term rental market.
Persons: CNN — Airbnb, ” Theo Yedinsky, Yedinsky, Airbnb, couldn’t, , , Brian Chesky, Joe Gebbia, Glenn Youngkin, ” Yedinsky, Rahul Bhaskar, Bhaskar, ” Bhaskar Organizations: CNN, Gov Locations: New York City, San Francisco, Virginia, New York, India
NEW YORK (AP) — Airbnb on Tuesday donated a total of $10 million to more than 120 nonprofits in 44 countries on six continents, the short-term rental giant's latest outlays in its unusual distribution of $100 million through its Airbnb Community Fund. “Airbnb has a 21st century company view,” said Janaye Ingram, Airbnb’s director of community partner programs and engagement. By supporting nonprofits that its hosts find valuable, Airbnb can get more funding to groups that help keep their communities strong, Ingram said. The board solicited recommendations for nonprofits from the hundreds of Airbnb Host Club leaders around the world. However, the Airbnb Community Fund is operated separately from that.
Persons: — Airbnb, “ Airbnb, , Janaye Ingram, Ingram, Brian Chesky, , , ” Chesky, Nadia Giordani, George Floyd, ” Giordani, “ We’re, Airbnb, ” Airbnb’s Ingram Organizations: Fund, Japanese, Dog Resource, Atlanta Habitat, Humanity, Stanford University Graduate School of Business, Airbnb Host Club, Corporate Purpose, Community Fund, Lilly Endowment Inc, AP Locations: Digify Africa, ” San Francisco, Airbnb, New York City, Atlanta, Minneapolis
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
Sam Altman sure came out a hero
  + stars: | 2023-11-20 | by ( Katie Notopoulos | ) www.businessinsider.com   time to read: +5 min
After OpenAI's board booted CEO Sam Altman, industry peers and colleagues voiced their support. AdvertisementSam Altman comes out of the OpenAI CEO situation looking like a Silicon Valley hero. What IS clear is that Sam Altman has come out of the situation looking like a hero so far. After some failed negotiations about returning to OpenAI, Altman is now heading to work at Microsoft. As the dust settles (well, maybe) a narrative has emerged: Sam Altman has come out of this very well.
Persons: Sam Altman, Ilya Sutskever, Altman, , OpenAI, Justin Sullivan, Eric Schmidt, Brian Chesky, Schmidt, Marissa Mayer, Elon Musk, Mira Murati –, Mira Murati, we've, — Ilya Sutskever, Sutskever Organizations: Service, Google, OpenAI, Microsoft
Marissa Mayer slammed OpenAI's 'broken and underadvised' board on social media. AdvertisementMarissa Mayer has some harsh words for OpenAI's board. "The fact that Ilya now regrets just shows how broken and underadvised they are/were," Mayer wrote on social media. OpenAI's bylaws allow board members to both appoint and remove other board members with a majority vote, Wired reported. In the case of OpenAI, which had only six board members, a majority vote meant only four board members needed to agree on a change to approve it.
Persons: Marissa Mayer, OpenAI's, OpenAI, Sam Altman, Mayer, , Altman, Ilya Sutskever, Sutskever, Emmett Shear, Ilya, Reid Hoffman, Shivon Zilis, Will Hurd, spokespeople, Hoffman, Brian Chesky Organizations: Yahoo, Service, Twitter, Google, Microsoft, Wired, Republican, ppl Locations: OpenAI
Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. "Sam and OpenAI were the catalyst that showed the world what AI tech is capable of," Jannsen said. Silicon Valley's high-profile startup CEO firings typically involve wrongdoing, rather than just philosophical differences about where the company is headed. "Sam Altman is a hero of mine," former Google CEO and investor Eric Schmidt said in an X post. — CNBC's Lora Kolodny contributed to this report WATCH: OpenAI says Sam Altman exiting as CEO because 'board no longer has confidence.'
Persons: Sam Altman, Carlos Barria, OpenAI, Steve Jobs, Altman, , Jobs, U.S . Altman, Mark Zuckerberg, Jeff Bezos, Elon Musk, Greg Brockman, Brockman, Ron Conway, Greg, Brian Chesky, Matt Schlicht, Schlicht, Sam, Ryan Jannsen, Jannsen, Patrick Moorhead, They're, Moorhead, Josh Wolfe, Wolfe, he'd, Eric Schmidt, Tom Williams, Airbnb's Chesky, what's, Chesky, Satya Nadella, Zachary Lipton, Carnegie Mellon's Lipton, Lipton, — CNBC's Lora Kolodny Organizations: Economic Cooperation, Reuters, ChatGPT, Apple, U.S ., Amazon, Tesla, Microsoft, Tiger, Sequoia Capital, CNBC, Google, Lux Capital, Cq, Inc, Getty, Carnegie Mellon University, Industry Locations: Asia, San Francisco , California, U.S, Silicon Valley, OpenAI, what's,
Airbnb acquires AI startup GamePlanner.AI
  + stars: | 2023-11-14 | by ( ) www.reuters.com   time to read: +1 min
Figurines are seen in front of the Airbnb logo in this illustration taken February 27, 2022. GamePlanner.AI was co-founded by Adam Cheyer, who was also one of the founders of Apple's voice assistant Siri. The startup will add to Airbnb's existing set of AI technologies that include large language models, computer vision models and machine learning. "AI will rapidly alter our world more than any other technology in our lifetime," Airbnb CEO Brian Chesky said in the statement. Other travel companies, including Booking.com and Expedia have also made efforts to integrate AI to their existing technologies in an attempt to enhance customer-booking experiences and create more suitable itineraries and suggestions.
Persons: Dado Ruvic, GamePlanner.AI, Adam Cheyer, Siri, Brian Chesky, Priyamvada, Shilpi Majumdar Organizations: REUTERS, CNBC, Thomson Locations: Bengaluru
Airbnb has made its first acquisition as a public company, in a deal valued at just under $200 million, sources familiar with the deal told CNBC. The startup is called Gameplanner.AI, which has been in "stealth mode" since its founding in 2020. Startups in stealth mode operate out of the public eye for various reasons, such as to protect intellectual property or avoid distractions. Airbnb's news follows reports that Google is in talks to invest hundreds of millions into another AI startup, Character.AI, which in March raised a $150 million at a $1 billion valuation in a funding round led by Andreessen Horowitz. The startup lets people create virtual characters or chat with AI versions of celebrities like Elon Musk or Albert Einstein.
Persons: Airbnb, Gameplanner.AI, Adam Cheyer, Siri, Steve Jobs, Cheyer, Viv, Brian Chesky, Chesky's, Andreessen Horowitz, Elon Musk, Albert Einstein Organizations: CNBC, Apple, Viv Labs, Google
Airbnb said that it will roll out what it calls “Guest Favorites” this week. He said the unpredictability of listings is the biggest reason why someone would choose a hotel room over Airbnb. Airbnb is also encouraging hosts to create photo tours of their property, which Chesky said will use AI to organize photos by room. Earlier this year, Airbnb began discouraging hosts from charging exorbitant cleaning fees, a major complaint of users. The site lets visitors filter searches by all-in pricing, which includes the fees, although it is not the default setting.
Persons: Airbnb, Brian Chesky, Chesky, , ” Chesky,
SAN FRANCISCO (AP) — Airbnb said Wednesday it earned $4.37 billion in the third quarter as it booked a large tax benefit and posted higher-than-expected revenue during the summer travel season. Airbnb said that excluding the tax benefit, net income would have been $1.6 billion, up from $1.2 billion a year earlier. Revenue rose 18% to $3.4 billion as the company saw a 14% increase in bookings and slightly higher average prices for short-term rentals. Analysts expected the San Francisco company to post revenue of $3.37 billion, according to a FactSet survey. Political Cartoons View All 1230 ImagesAirbnb predicted fourth-quarter revenue between $2.13 billion and $2.17 billion, below Wall Street's forecast of $2.18 billion.
Persons: — Airbnb, Airbnb, Brian Chesky, ” Chesky Organizations: FRANCISCO, Revenue Locations: San Francisco, Asia, America
Plenty of side hustles and businesses become lucrative because they fix an unsolved problem, or improve something that already exists. If that seems easier said than done, there's a simple solution: Study people who've fixed other unsolved problems before, self-made millionaire and RSE Ventures CEO Matt Higgins said at the CNBC Make It: Your Money virtual event last week. Higgins pointed to one particular billionaire as an example: Airbnb CEO Brian Chesky, who accidentally co-founded his company while brainstorming ways to pay rent in 2007. Chesky and one of his co-founders booked out air mattresses to strangers who were in San Francisco for a design conference. Pay attention to your surroundings, and ask yourself if your solutions to everyday problems are replicable, Higgins said.
Persons: Matt Higgins, Higgins, Brian Chesky, Uber Organizations: RSE, CNBC Locations: San Francisco
A property manager is suing their tenant for listing a rental on Airbnb citing the city's new rules. It's a test of how effective the strict licensing requirements are for short-term rentals in NYC. AdvertisementAdvertisementNew York City's new short-term-rental regulations are being put to the test, raising the question of whose job it is to enforce the crackdown. AdvertisementAdvertisementBut the property manager also blames Airbnb for letting the rental advertise on the platform in the first place. Licenses are a popular tool for regulations, as cities from Memphis to Montreal crack down on short-term rentals.
Persons: It's, , They've, Airbnb, Michael A, Rosenberg, Pensabene, Brian Chesky Organizations: Service, Canvas, Apple, New Locations: New York City, New York County, Airbnb, Memphis, Montreal, Philadelphia, New York, Paris
Brian Chesky says Barack Obama gave him some post-breakup advice, saying he didn't need another relationship. AdvertisementAdvertisementAirbnb CEO Brian Chesky says he received a piece of advice about love and friendship from the former president after a breakup in 2021. Speaking on the Diary of a CEO podcast on Monday, Chesky recounted how he sought advice from Obama in 2021. The two have known each other since at least 2015, when Obama named Chesky a Presidential Ambassador for Global Entrepreneurship. Chesky and Obama did not immediately respond to requests for comment from Insider, sent outside regular business hours.
Persons: Brian Chesky, Barack Obama, Chesky, , Obama, podcaster Steven Bartlett, Airbnb, isn't, Vivek Murthy, Insider's Rebecca Ungarino Organizations: Service, Global Entrepreneurship, Obama, Bloomberg, Obama Foundation, Public Service, Psychological Locations: Cuba
Airbnb CEO Brian Chesky made the tough decision to lay off 1,900 staff during the pandemic. Chesky made an alumni directory for laid off Airbnb staff so recruiters could connect with them. Chesky explained to Bartlett that he wanted people to leave with "dignity" and have the chance to get good roles. When describing the layoffs, Chesky said it was like "breaking up with 2,500 people," and said that he had a "deep feeling of love for all of them," referring to his employees. During its pandemic layoffs, Airbnb's severance packages were substantial .
Persons: Brian Chesky, Chesky, , Steven Bartlett, Airbnb, Bartlett, I'm, Elon Musk, Musk, they'd Organizations: Service, Software
Airbnb CEO Brian Chesky called out his own company in an interview with Bloomberg published Monday. AdvertisementAdvertisementAirbnb CEO Brian Chesky says it's time for the company to "get our house in order," in an interview with Bloomberg, and short-term rental hosts are thrilled. Airbnb host Ric Kenworthy, who manages over 90 properties in Arizona, says Chesky's comments were a long time coming. Chesky's site is a marketplace that connects hosts and travelers, and the CEO is struggling to keep both sides happy. As travelers continue to book short-term rentals, Chesky acknowledged the company "never fully built the foundation" needed for the current size of the company.
Persons: Brian Chesky, , Ric Kenworthy, Jen Kelman, that's, Chesky, Airbnb, Melinda Johnson, Johnson, Kelman, Katie Kay Mead Organizations: Bloomberg, Service, Airbnb Locations: Arizona, Airbnb, Tennessee, , Arizona, Arrowhead , California
Airbnb CEO Brian Chesky thinks hosts on his platform should lower their prices. "We want prices to move and to be more competitive vis-à-vis a hotels—that is really important," said Chesky. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementAirbnb CEO Brian Chesky has a message for hosts on his platform: lower your prices.
Persons: Brian Chesky, , Chesky, Jamie Lane, AirDNA Organizations: Service, Bloomberg, Airbnb
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirbnb CEO Brian Chesky: Hotel prices will 'probably rise' next yearAirbnb CEO Brian Chesky joins 'Squawk on the Street' to discuss the recent rollout of updates for listings and price and fee transparency, whether the company's current pricing trajectory will continue, and more.
Persons: Brian Chesky
In this article ABNB Follow your favorite stocks CREATE FREE ACCOUNTNaba Banerjee, Airbnb Source: Prashant Joshi | AirbnbNaba Banerjee is a proud party pooper. In June, the company was sued by a family who lost their 18-year-old son in a shooting at a 2021 Airbnb party. Airbnb's party problem was complex, and in some ways, she didn't know where to start. There's just one problem: Airbnb's AI system is working against you from the second you sign on. Zoom In Icon Arrows pointing outwards Airbnb's reservation screening system in action.
Persons: Naba Banerjee, Prashant Joshi, Airbnb Naba Banerjee, she's, It's, Banerjee, , Airbnb, Nate Blecharczyk, strategizing, Covid, she'd, He'd, riskiest, They're, Brian Chesky, he'd Organizations: Airbnb, Day, Labor, CNBC, Australia Locations: Australia, Airbnbs, North America, Kolkata, India, U.S, Canada, Asia, Texas
Frontier Airlines CEO Barry Biffle criticized remote work, saying the pandemic made people lazy. Biffle joins a growing list of execs critical of remote work, including Elon Musk and David Solomon. Frontier Airlines CEO Barry Biffle criticized working from home while speaking at Morgan Stanley's Laguna Conference this week, saying the pandemic made people lazy and that workers have gotten less productive as a result. AdvertisementAdvertisement"This is not ideal for us, and it's not a new normal," Solomon said at a conference in February 2021 regarding remote work, Bloomberg reported. AdvertisementAdvertisementAs the debate over working from home continues, there have been conflicting conclusions from studies on whether remote work is conducive to productivity.
Persons: Barry Biffle, Biffle, Elon Musk, David Solomon, they're, We're, Biffle isn't, Elon, Tim Gurner, Alexandria Ocasio, COVID, Gurner, Goldman Sachs, it's, Solomon, Mark Zuckerberg, Meta, Zuckerberg, Brian Chesky, Airbnb, Prithwiraj Choudhury Organizations: Frontier, Elon, Service, America . Frontier Airlines, Morgan, Laguna Conference, Frontier Airlines, Meta, Apple, Google, CNBC, Millionaire, Bloomberg, Engineers, Harvard Business School, Companies, Street Journal, Research Locations: Wall, Silicon, America, Cortez, Australia, Airbnbs, India
Airbnb is adding James Manyika, Google's "AI ambassador," to its board of directors, the company said Monday. Manyika's addition underscores CEO Brian Chesky's ambitions in artificial intelligence, which Chesky has said will radically change the Airbnb platform by 2024. As Google's head of Research, Technology and Society, Manyika reports to CEO Sundar Pichai and focuses on how tech affects user's daily lives. Increasingly, that encompasses the company's AI research and products. With Manyika on the board, Chesky gains a powerful voice that sits at the intersection of AI and society.
Persons: James Manyika, Brian Chesky's, Chesky, Sundar Pichai, Belinda Johnson Organizations: Research, Technology, Society, National AI Advisory, McKinsey & Company
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
Enter generative artificial intelligence — a technology set to simplify that process, and allow companies to better tailor recommendations to travelers' specific interests. The hope is that AI will not only plan itineraries, but communicate with hotels, draft travel budgets, even function as a personal travel assistant — and in the process fundamentally alter the way companies approach travelers. A typical home search on Airbnb, for example, produces results that don't take past searches into account. During an earnings call in May, CEO Brian Chesky discussed how AI could alter Airbnb's approach. He said: "Instead of asking you questions like: 'Where are you going, and when are you going?'
Persons: it's, , Brian Chesky Organizations: Expedia Group
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