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Airbnb has named Ron Klain, former White House Chief of Staff for President Joe Biden, as its chief legal officer. Klain was President Biden's chief of staff during his first two years in office. He was previously chief of staff to then-Vice President Biden. He held the same position under Vice President Al Gore at 34 years old, making him the youngest chief of staff to a vice president in American history. Klain was also chief legal officer at venture capital firm Revolution, which was started by AOL founder Steve Case.

Persons: Airbnb, Ron Klain, Joe Biden, Klain, Biden's, Biden, Al Gore, Steve Case, Brian Chesky Organizations: White, Staff, AOL, Associated Press

☆ Former Yahoo CEO Marissa Mayer delivers sharp-elbowed rebuke of OpenAI's 'broken' board
▼ + stars: | 2023-11-20 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

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 used to be about crashing on a stranger's couch for cheap. Now Wall Street wants in.
▼ + stars: | 2023-11-11 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +6 min

Airbnb started out with all mom-and-pop hosts, but now big firms are eyeing it as a money-maker. AdvertisementAdvertisementIt started buying up houses in Florida, and renting them out on Airbnb for hundreds of dollars a night, the Wall Street Journal recently reported . "The majority of Airbnb hosts share only one listing," according to a spokesperson. But the shift in operators from mom-and-pop hosts renting their spare bedrooms to major companies renting hundreds of units out has changed the guest experience, too, according to NerdWallet. AdvertisementAdvertisementShort-term rentals can be a volatile investmentRelying on Airbnb, though, can be risky for both mom-and-pop hosts and big-money investors.

Persons: Airbnb, —, Brian Chesky, AirDNA, Skift, Jelke Bosma, Jamie Lane, NerdWallet Organizations: TPG, Service, Wall Street Journal, Saluda, Investment, Davidson, Capital Management, University of Amsterdam Locations: Florida, San Francisco, New York, WEG, Pompano Beach, Fort Lauderdale

☆ Airbnb CEO: The best loyalty program is people loving you
▼ + stars: | 2023-11-09 | 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: The best loyalty program is people loving youBrian Chesky, Airbnb CEO and co-founder, joins 'Squawk on the Street' to discuss if the chief executive sees any sign of a moderation in consumer leisure travel spend, the innovation of the company's new metrics, and any loyalty program for Airbnb.

Persons: Brian Chesky

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

☆ Airbnb beats on revenue but offers weaker-than-expected guidance
▼ + stars: | 2023-11-01 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Airbnb shares slipped more than 3% in after-hours trading Wednesday after the company reported stronger than expected revenue, buoyed by currency tailwinds, but provided weaker-than-expected guidance for the upcoming fiscal quarter. That may not be comparable to the $2.10 expected by analysts according to LSEG, formerly known as Refinitiv Revenue: $3.40 billion, vs. $3.37 billion expected. Excluding that one-time benefit, the company reported quarterly net income of $1.61 billion compared to $1.21 billion in the year-ago quarter. Revenue grew 18% year-over-year, the company said. The company guided to $2.13 billion to $2.17 billion in fourth-quarter revenue, representing year-over-year growth ranging from 12% to 14%.

Persons: Brian Chesky, Airbnb, LSEG Organizations: Airbnb, CNBC, New York Stock Exchange, Revenue Locations: U.S

☆ Self-made millionaire: If you want a 'game-changing' side hustle or business, study this one CEO very closely
▼ + stars: | 2023-10-25 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

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

☆ NYC Airbnb crackdown heats up: First property manager sues the short-term-rental giant under new rules
▼ + stars: | 2023-10-19 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

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

☆ Airbnb boss Brian Chesky says he personally called CEOs he knew to ask if they could hire the thousands of staff he laid off during the pandemic
▼ + stars: | 2023-10-10 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

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

☆ The CEO of Airbnb says Barack Obama gave him one piece of advice about love and friendship after a breakup
▼ + stars: | 2023-10-10 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

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 could offer year-long rentals, says CEO, even as cities around the world crack down on rentals
▼ + stars: | 2023-10-05 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Airbnb is facing crackdowns around the world as cities say it is making housing shortages worse. AdvertisementAdvertisementAirbnb could move away from short-term getaways in favor of offering rentals for an entire year, the company's CEO has said. Brian Chesky described offering year-long rentals as a "huge opportunity" for Airbnb in an interview with the Financial Times. He suggested Airbnb could start hosting dining pop-ups, and that car rentals would be "the next thing" for the company to tackle. The move towards encouraging longer rentals is likely to face opposition from the growing list of major cities cracking down on Airbnb amid fears the platform is exacerbating housing shortages and pushing up rents.

Persons: Brian Chesky, —, Chesky, Airbnb Organizations: Financial Times, Service, Financial, York, London Locations: Airbnbs, Bologna, Florence, Airbnb

☆ The CEO of Airbnb wants you to charge less for your house
▼ + stars: | 2023-10-03 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

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

☆ Hosts are eager for more support after Airbnb CEO Brian Chesky says 'we need to get our house in order'
▼ + stars: | 2023-10-03 | by ( Dan Latu | ) www.businessinsider.com time to read: +6 min

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 says it's using AI to weed out guests who throw house parties
▼ + stars: | 2023-10-02 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Airbnb's CEO said it's using AI to identify which guests are likely to throw house parties. It's also using AI to verify if listing pictures submitted by hosts match up with satellite images. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementAirbnb's CEO revealed the company is using AI to identify which guests are likely to throw house parties before they secure a booking, Bloomberg reported Monday . Chesky did not go into particular technical detail of the firm's AI technology, but its use of AI to predict guests' rule-breaking behavior may raise eyebrows.

Persons: It's, —, Brian Chesky, Chesky Organizations: Service, Bloomberg

☆ Airbnb CEO urges Parisians to put homes up for rent for Olympics
▼ + stars: | 2023-09-26 | by ( Elizabeth Pineau | ) www.reuters.com time to read: +2 min

Paris' tourism office expects some 16 million people to visit the wider Paris region for the Olympics and Paralympics. If they put their (homes) on Airbnb and there is enough housing, prices will stay within reason," Chesky said. "If not enough people put their homes on Airbnb and people don't have enough ... hotels and they can't build more hotels, that's going to increase prices." "So while hotel prices are going up, I will make sure that Airbnb is more affordable than hotels for the equivalent amount of space when people are travelling for Paris for the Olympics. Reporting by Elizabeth Pineau; Writing by Ingrid Melander; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Emmanuel Dunand, Brian Chesky, Chesky, Elizabeth Pineau, Ingrid Melander, Alison Williams Organizations: Olympics, Rights, Reuters, Games, Thomson Locations: Paris, France, Airbnb

☆ Airbnb CEO Brian Chesky: Hotel prices will 'probably rise' next year
▼ + stars: | 2023-09-20 | 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 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

☆ Airbnb is cracking down on fake listings. The platform has removed 59,000 so far this year
▼ + stars: | 2023-09-20 | by ( Will Gendron | Associated Press | ) www.businessinsider.com time to read: +4 min

Airbnb is cracking down on fake listings. The platform said it had removed 59,000 fake listings this year and prevented another 157,000 from getting on the site. The company says it has removed 59,000 fake listings and prevented another 157,000 from joining the platform this year alone. Fake listings and high cleaning fees are among several issues that Airbnb users highlighted in a company survey, the rental platform said Wednesday. AdvertisementAdvertisementAside from fake listings, Airbnb has had to contend with more stringent regulations in places like New York City.

Persons: there's, Airbnb, Brain Chesky, Chesky Organizations: Service, Airbnb Locations: Wall, Silicon, United States, United Kingdom, U.S, Canada, France, Australia, New York City, San Francisco

☆ Meet Airbnb's official party pooper, who reduced partying by 55% in two years
▼ + stars: | 2023-09-19 | by ( Hayden Field | ) www.cnbc.com time to read: +15 min

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 says the pandemic made workers 'lazy' and less productive: 'People are still allowing people to work from home, all this silliness, right?'
▼ + stars: | 2023-09-15 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +6 min

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 adds Google's 'AI ambassador' to its board of directors
▼ + stars: | 2023-09-11 | by ( Deirdre Bosa | ) www.cnbc.com time to read: +1 min

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

☆ 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

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