Some Airbnb hosts may be having a bad summer but the company's stock is still up 70%

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Nigeria News News

Some Airbnb hosts may be having a bad summer but the company's stock is still up 70%
Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

An Airbnb cofounder is on a roll — he got $3 billion richer and cashed in $1 billion worth of stock this year

for travel at any cost has ebbed, and guests are now far more budget conscious, scrambling for last-minute bookings that span a shorter stay.which has been propped up by still robust travel demand. And those reaping the fruits are the company's three cofounders: Brian Chesky, Nathan Blecharczyk, and Joe Gebbia.

Bloomberg Billionaires Index.Blecharczyk and Gebbia saw comparatively modest gains at $3.7 billion and $3 billion, respectively — but they're still on Bloomberg's list of the top 500 richest people in the world. Blecharczyk is worth 60% more this year, taking his net worth to about $10 billion, while Gebbia's wealth climbed by 50% to hit $9 billion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines