But things started looking up for the company in May as US states and countries around the world began to lift their restrictions on travel and commercial activity. By mid-May, the number of global bookings made each week for short-term rentals — Airbnb's core business —Data the company released more recently indicates its business has only improved since then. On July 8, customers, the first time the company had seen that volume of bookings since March 3, the company said this week.
Chesky has another reason to press forward with an IPO — employee pressure. Reportedly a significant portion of stock options awarded to some of the company's earliest employees are set to expire later this year. Much of the compensation that employees see at startups comes in the form of shares and options; many trade higher cash salaries for the chance that they'll see a big payoff when the startup goes public.
One potentially ominous sign for Airbnb is that the market remains down on travel companies. The share prices of the major carriers such as American Airlines and Southwest Airlines; the hotel chains, such as Hilton and Marriott; and the online reservation companies such as Expedia and Booking Holdings, are all still well off the levels they were at pre-pandemic.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Airbnb resuming IPO plans as business slowly rebounds: report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Early investors looking for some cash.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Internal U.S. small business watchdog launches inquiry into duplicate pandemic loansThe U.S. Small Business Administration's internal watchdog has launched an inquiry into a technical glitch that led many small businesses to receive duplicate loans through a high-profile federal coronavirus aid program. More incompetence by the Trump administration. What else is new? Probably mostly duplicate loans to members of Congress...No big deal. This is an opportunity for President to go all out prosecute these Democrats to the full extent of the law.
La source: Reuters - 🏆 2. / 97 Lire la suite »
NY Gov. Cuomo takes coronavirus 'victory tour' amid increased scrutiny - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Zero self awareness... complete failure NYGovCuomo should be scrutinized. Knowing the vulnerable population is in the Nusing homes he mandated all Covid19 patients to these homes where they not only caused an out break but young men were caught beating and sexually assaulting the elderly, not utilizing the comfort/ctr March 15th
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
HHS Protect: Government coronavirus data project sparking controversy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Emirates: President Tim Clark reveals strategy to manage coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The amazing A380 every airlines should have one from my perspective.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »