Airbnb employees chipped in $1 million to help hosts - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Airbnb employees chipped in $1 million from their own pockets to help economically devastated hosts, and that says something beautiful, and scary

Airbnb employees thought that 2020 would be a time of celebration for them as the short-term rental startup was expected to go public in one of the most anticipated IPOs of the year.

Employees contributed $1 million collectively to a $17 million fund that will offer up to $5,000 to badly hurt hosts. . But there are some hopeful signs of how this could change, and the sharing economy could truly become a win-win.As the COVID-19 crisis brought travel to a screeching halt, the people that rent rooms, condos and all sorts of other abodes on Airbnb suddenly found themselves with little to no income.

GoFundMe campaigns have sprung up across the nation to help small businesses like bookstores and restaurants survive until the virus recedes and people begin to roam about again.a program intended to help at least some of its highest-rated hosts, known as "superhosts" to survive. The fund is limited to superhosts who can prove Airbnb is their main source of income, have been on the platform for at least a year and have two or less properties .

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:

 /  🏆 729. in ZA
 

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

Small carrot now that they’ve beaten the rental market with a stick.

Wow, these guys are impressively devoted to their business So nice when people have the passion and courage to save a drowning situation for the better helping to stay afloat those involved and in positive need

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airbnb laid off most of its contract workers over Zoom - Business InsiderSources said Airbnb's announcement, which comes as the company's business has been hit hard by the coronavirus, caught many off guard. UK government started hunt for coronavirus vaccine...Covid_19 COVID Just thinking about their business...!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Apparel Companies Estimated to Lose as Much as $1 Trillion in Brand Value Due to Covid-19Nike has again been named the most valuable apparel brand in the world — but all apparel companies are being hit hard by the pandemic:
Source: Fashionista_com - 🏆 474. / 51 Read more »