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TORONTO, Nov 11 (Reuters Breakingviews) - Some members of the shared economy are seeing a resurgence in the side hustle as inflation bites. People are becoming more interested in driving for Uber Technologies (UBER.N) and listing their abodes on Airbnb (ABNB.O) in order to make an extra buck. U.S. President Joe Biden last month proposed a new gig worker rule that could fundamentally change how companies classify their workers. But the shared economy seems to be holding up fine, even if the economy isn’t. Uber Technologies on Nov. 1 said revenue grew 72% year-on-year to $8.3 billion in the third quarter.

☆ Rich people don't have a 'lottery mindset,' says CEO—here are 3 things millionaires do differently
▼ + stars: | 2022-11-08 | by ( Trey Lockerbie | ) www.cnbc.com time to read: +2 min

Everyone approaches money differently, and I've always been fascinated by how the world's wealthiest people do it. For starters, rich people don't have a "lottery mindset" — or the belief that there's a shortcut to instant wealth by virtue of random luck. The most financially successful people have a passion for solving puzzles — and they treat the stock market the same way. "Because no one wants to get rich slowly," Buffett replied. Rich people say "no" more than they say "yes."

Airbnb users will soon be able to see the total cost of booking a stay before they check out, a reversal of the platform's longstanding policy that had peeved many users. Starting in December, guests will have the option to view the total price of a booking, including all fees, before taxes. Users will also be able to view a full price breakdown that shows Airbnb’s service fee, discounts, and taxes. The change means total price, instead of nightly price, will be prioritized in its search ranking algorithm. Guests are still charged an Airbnb service fee, a cleaning fee, an extra-guest fee if applicable, plus any taxes and deposits.

☆ Airbnb to Make Cleaning Fees Clearer on Searches After Customer Complaints
▼ + stars: | 2022-11-07 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

The cleaning fees that customers of Airbnb Inc. have long complained about will soon become more apparent early in searches for lodging, the company says. Starting in December, on an undetermined date, the company will allow guests to filter their search results by the total cost of the stay before taxes, Chief Executive Brian Chesky said on Sunday. That means the often-maligned cleaning fees will be among the fees included in the prices customers see.

☆ Airbnb changes price display on app after customer complaints
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Airbnb Inc's (ABNB.O) chief executive tweeted on Monday that the vacation rental company would make changes in the way it displays prices on its platform after it faced customer complaints. "I've heard you loud and clear—you feel like prices aren't transparent and checkout tasks are a pain," CEO Brian Chesky tweeted. Chesky said Airbnb would make four changes starting next month, where guests would be able to see the total price they are required to pay up front. The San Francisco-based company will prioritize the total price instead of a nightly fare in its search ranking algorithm, Chesky said. Addressing customer complaints about guests having to complete checkout tasks, Chesky said guests should not have to do "unreasonable checkout tasks such as stripping the beds, doing the laundry, or vacuuming".

☆ Airbnb is adding cleaning fees to a new 'total price' of bookings in search results after people complained listings were misleading
▼ + stars: | 2022-11-07 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Airbnb is updating its platform to show guests the total price of an accommodation before booking. Brian Chesky, Airbnb CEO, tweeted that he's heard guest concerns that "prices aren't transparent." The first is that guests will be able to see the total price of an accommodation, before taxes, while searching. "Hosts need to set their own cleaning fees because everyone is in a different position when it comes to cleaning," Airbnb said, adding that there's a difference between cleaning a studio apartment and a five-bedroom house. "We started as an affordable alternative to hotels, and affordability is especially important today," Chesky tweeted.

☆ Cramer: Why tech can't find a bottom as other parts of the market show signs of life
▼ + stars: | 2022-11-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

The Carvana and Zillow calls aren't resonating because the autos and housing companies have already seen their stocks crushed. At the same time, these once-thriving tech companies that saw an ever-expanding funnel somehow didn't seem to see any of this coming. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Airbnb Says Its Focus on Brand Marketing Instead of Search Is Working
▼ + stars: | 2022-11-03 | by ( Megan Graham | Ceo Brian Chesky | ) www.wsj.com time to read: +5 min

Airbnb Inc. said its strategy of slashing advertising spending, investing in brand marketing and lessening its reliance on search-engine marketing is continuing to pay off. Its marketing spending is now low enough that it doesn’t anticipate drastic reductions even if economic headwinds worsen next year, it said. It has also made deep cuts to its overall marketing spending. “Our brand marketing results are delivering excellent results overall with a strong rate of return, and it’s been so successful that we’re actually expanding to more countries,” he said. But the brand could be tested if its competitors ratchet up spending in a downturn, Mr. Zucker said.

☆ Famed Apple designer Jony Ive's advice to Airbnb's CEO during tough times: 'You aren't going to cut your way to innovation'
▼ + stars: | 2022-11-02 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +2 min

Airbnb CEO Brian Chesky counts former Apple design chief Jony Ive as one of his closest advisers. The pair talk almost every day and Ive weighed in when Airbnb was mulling job cuts. "You aren't going to cut your way to innovation," Ive said, though Airbnb later axed 1,900 roles. Ive is now advising Chesky on everything from logo design to strategy, and since the onset of the pandemic, Chesky and Ive talk almost every day. When Airbnb started considering job cuts, Ive weighed in: "You aren't going to cut your way to innovation," he told Chesky at the time.

☆ What Cramer is watching Wednesday — Fed day, AMD signs of life, China hits Estee Lauder
▼ + stars: | 2022-11-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

While missing lowered expectations in the third quarter, Club holding AMD did see a year-over-year revenue growth. Club holding Estee Lauder (EL) beats on fiscal first-quarter earnings and matches on revenue. Club holding Devon Energy (DVN): Very strong quarter . Club holding Humana (HUM) sees membership growth. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Organizations: & $

☆ Airbnb expects holiday-quarter bookings to moderate; shares fall
▼ + stars: | 2022-11-01 | by ( Aishwarya Nair | ) www.reuters.com time to read: +2 min

Nov 1 (Reuters) - Airbnb Inc forecast holiday-quarter revenue that could fall short of market expectations, saying a strong dollar had started to pressure its business and bookings would moderate, sending its shares down 7% after the bell. Airbnb's shares have slumped more than a third this year, versus a roughly 19% fall in the broader market (.SPX). Airbnb guided fourth-quarter revenue between $1.80 billion and $1.88 billion, versus analysts' expectations of $1.85 billion, according to Refinitiv. The company recorded its highest ever third-quarter bookings, with nearly 100 million nights and experiences booked. Airbnb said, however, the majority of travelers in North America and Europe had booked domestic stays.

☆ Move over WFH, hello 'work whenever': 94% of employees want to ditch the 9-to-5 for flexible schedules, new survey says
▼ + stars: | 2022-10-20 | by ( Hannah Towey | ) www.businessinsider.com time to read: +3 min

If you thought WFH was the best way to entice employees, wait until you hear about "work whenever." 94% of workers surveyed by Slack said they want to ditch the 9-to-5 for more flexible schedules. In a new Slack survey published Thursday, a staggering 94% of workers said they want flexibility in when they work — compared to 80% of respondents who said they want flexibility in where they work. "The sudden move to remote work provides the opportunity to question decades of orthodoxy about a 9-to-5, office-centric, homogeneous work culture." Employers allowing remote employees to "work from anywhere" has been one of the more substantial workplace developments to gain traction over the past few years.

☆ 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.

☆ Some virtual workers are moving abroad without telling their boss or coworkers — and are taking elaborate measures to not get caught
▼ + stars: | 2022-09-25 | by ( Hannah Towey | ) www.businessinsider.com time to read: +4 min

Some virtual workers are moving to another country without telling their bosses or coworkers. One virtual worker who's secretly moving to Mexico told Insider it's worth the risk of being fired. He then created an intricate VPN and router system to conceal his computer's location, according to the outlet. During meetings, she uses a fake Zoom background and takes phone calls in a sound-proof booth to conceal any noise that could give away her location, according to the report. Stefanie Keenan/GettyA recent survey of 1,481 workers found that 40% of HR executives discovered employees working from outside their home state or country in the past year.

☆ Enjoy your Airbnb — just don’t forget to do the laundry and take out the trash
▼ + stars: | 2022-09-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Airbnb hosts say there are two reasons for the higher fees and the chore demands: Covid-19 raised sanitation requirements, and — you guessed it — inflation. Airbnb allows hosts to set their own rates and encourages them to avoid cleaning fees if possible. BOTTOM LINEThe social media outrage about cleaning fees and chores is certainly a PR headache for Airbnb, but it’s far from a crisis. Plus, Jon speaks to Redfin’s Chief Economist Daryl Fairweather about what homebuyers need to know about mortgage rates. ), but mortgage rates may keep going up as long as the Fed keeps raising interest rates.

Here are 10 hiring companies where you can work from anywhere in the world. It has compiled a list of companies that posted the most work-from-anywhere job listings between January and June. It said the three industries that posted the most work-from-anywhere jobs over that period were marketing, IT, and writing-or-editing services. The most popular work-from-anywhere job titles included copywriter, social-media manager, front-end developer, executive assistant, and recruiter, Flexjobs said. Here are the 10 companies that offered the most full- or part-time work-from-anywhere jobs in the six-month period.

☆ Elon Musk reportedly issued an ultimatum to Tesla staff: return to the office or quit
▼ + stars: | 2022-06-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Elon Musk reportedly told Tesla's executive staff to return to the office or resign. Elon Musk issued an ultimatum to Tesla's executive staff on Tuesday, calling for the workers to come into the office and stop "phoning it in" or quit, according to reports. Musk reportedly said in one of the emails that if staff continue to work remotely, he will assume that they have resigned. Musk titled his first email "remote work is no longer acceptble (sic)" and appeared to address it only to a listserv for executive staff, according to Electrek. "The more senior your are, the more visible must be your presence," Musk wrote, according to Electrek.

Persons: Elon Musk, Musk, Samuel Nissim, Nissim, —, Tesla, Insider's Isobel Asher Hamilton, Brian Chesky, gkay Organizations: Morning, Twitter, Electrek, Washington Post, SpaceX, Financial Times, Bloomberg Locations: Shanghai

☆ Airbnb hosts say they're fed up with how the vacation-rental platform treats them and favors guests. Some are planning to 'strike' or even quit Airbnb altogether.
▼ + stars: | 2022-04-18 | by ( Dan Latu | ) www.businessinsider.com time to read: +6 min

The host, Ryan Villines, is organizing a boycott, encouraging hosts to "snooze" their listings. Like Johnson, many Airbnb hosts and property managers are frustrated by what they describe as the vacation-rental platform's tendency to favor guests in disputes. Liz DeBold Fusco, an Airbnb spokesperson, said the new policy was meant to provide "greater flexibility" to hosts and guests. After outrage from hosts, Airbnb walked back the reimbursement component, but hosts said it's too little, too late. Airbnb host Ryan Villines is "snoozing" his listings in Missouri and Montana as a protest.

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