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Airbnb internal glitch cancels trips after account deactivations
Reading Time: 2 minutesWorldwide: An internal glitch during “routine maintenance” on the Airbnb platform accidentally caused the cancellation of guests’ bookings and the deactivation of some user accounts Airbnb allayed fears that the glitch was a hack or data breach, saying that it was instead a “system issue” that affected “a very small subset of user accounts”. […]
Airbnb IPO filing “delayed until next week”
Reading Time: < 1 minuteUS: Airbnb’s much anticipated filing for an initial public offering [IPO] has reportedly been delayed until next week, according to sources close to the matter. The home-sharing platform was originally planning to file for the IPO at the US Securities and Exchange Commission on Thursday [12 November] but sources have told Bloomberg that the delay […]
Airbnb blocks more than 800 UK listings flouting rules
Reading Time: 2 minutesUK: Airbnb has announced that it has removed or suspended more than 800 listings in the UK following a crackdown on so-called “party houses”. According to the company, the number includes listings that have received complaints or violated policies on parties and unauthorised events, which are “explicitly” banned on Airbnb. In a further commitment to […]
Transparent analysis: The state of Airbnb at IPO
Reading Time: 9 minutesWorldwide: Vacation rental data provider Transparent provides its insights into Airbnb’s imminent IPO and analyses how it has been able to reach this milestone in its development. Airbnb’s IPO marks a milestone in the travel industry and consumer internet as a whole. By redefining traveller expectations and establishing a new type of lodging, Airbnb built […]
Airbnb set to file for $30bn+ IPO this week
Reading Time: 2 minutesUS: Airbnb is set to file the necessary IPO [initial public offering] documents later this week ahead of its anticipated stock market debut in December, as it seeks to raise $3 billion in proceeds in a move that would set the company a valuation of around $30 billion, according to Reuters. Next month, it is […]
Airbnb announces creation of host advisory board
Reading Time: 2 minutesWorldwide: Airbnb has announced that it has created a host advisory board and a host endowment to support its host community before it closes its eagerly-awaited initial public offering [IPO]. The advisory board will include 15 VIP Airbnb hosts who will be announced before the end of the year. In a statement, CEO Brian Chesky […]
Airbnb to list shares on Nasdaq ahead of IPO
Reading Time: 2 minutesUS: Ahead of its much-anticipated IPO before the turn of the year, Airbnb has reportedly opted to list its shares on the Nasdaq market, representing the index’s largest listing since that of Facebook in 2012 [$16 billion]. Though no timeframe has yet been given for when the scheduled IPO may take place, it is believed […]
Thayer Ventures SPAC to file for $175m IPO
Reading Time: 2 minutesUS: Venture capital firm Thayer Ventures has created a subsidiary brand, Thayer Ventures Acquisitions, which is aiming to raise $175 million via an initial public offering [IPO] to invest in travel and transportation companies. The new travel-focused special-purpose acquisition company [SPAC] is believed to be hoping to sell 17.5 million units of stock at $10 […]
Airbnb to mandate Enhanced Cleaning Protocol compliance
Reading Time: 2 minutesWorldwide: As a part of its continuing efforts to rebuild consumer confidence, Airbnb will make host compliance with its Enhanced Cleaning Protocol compulsory by 20 November. Hosts who do not comply with the required protocols may be subject to removal from the platform. Airbnb introduced its Enhanced Cleaning Protocol in April in the immediate wake […]
Airbnb aiming to raise $3 billion in IPO by December
Reading Time: 2 minutesUS: Airbnb is reportedly aiming to raise around $3 billion in its upcoming initial public offering [IPO], sources close to the matter told Reuters. In news that may generate further optimism for the unicorn company, Airbnb is on course to achieve a valuation of more than $30 billion as a result of the IPO according […]