Why Slack’s Upcoming “Direct Listing” May Work For Investors

During an IPO boom, fast-growing companies typically go public for one reason alone: to raise cash. Lyft, Pinterest, and Zoom are just a few of the closely watched startups to debut in recent months, raising billions in the public markets to fuel their growth. But now there’s a new twist: Going public without raising any […]

Airbnb’s Newest Neighbor in the Home Rental Space: Marriott Hotels

Marriott is hitting back at Airbnb, which has been expanding its reach into the hotel industry, by rolling out its own home-rental service. Next week, Marriott said it would start renting 2,000 homes in 100 cities across the U.S., Europe, and Latin America. Its expansion into the home-rental space coincides with Airbnb’s expansion into the […]

Airbnb Leads $150 Million Investment in Startup Designing Apartments for Travelers

Just weeks after its last investment, Airbnb is taking the lead on funding another company that complements its home rental service. This time around, Airbnb’s investment will help fuel the growth of apartments specifically designed for travelers. Lyric said Wednesday that it had raised $150 million in funding, with Airbnb as the lead investor. Lyric, […]

Booking.com is Beating Airbnb in Home Stays, Latest Numbers Show

Booking.com says it’s beating Airbnb at its own game of renting out homes and apartments to travelers. Since 2007, 784 million guests have stayed at homes, apartments, or unique listings like yurts and igloos listed on Booking.com, according to its parent company, Booking Holdings. During that same time period, Airbnb says 500 million guests have […]

Lyft Stock Tumbles Two Days After its IPO

Lyft’s high-flying stock has taken a dive just a day after debuting on the Nasdaq. And the shockwave could rock other big tech companies readying for their own initial public offerings this year. “This is a pivotal few weeks of trading ahead to gauge street demand for the name as valuation and profitability continue to […]

Lyft Kicks Off Highly-Anticipated ‘Year of the IPO’

Lyft’s initial public offering on Thursday is the first of a series of highly-anticipated debuts by tech companies in public markets. And so far, Lyft is proving that it’s the right time to make the leap. “With what we’re seeing with the excitement and feedback from the investment community, this IPO market could end up […]

Airbnb Is Buying Last-Minute Hotel Room App HotelTonight, Giving Itself Pre-IPO Momentum

Airbnb is taking another step into the broader travel industry with a new expansion into boutique hotels. The company, which built its business on renting homes, has agreed to purchase HotelTonight for an undisclosed amount. A travel app that helps users find last-minute hotel rooms at discounted rates, HotelTonight was valued at $463 million in […]

This Is What Tech Companies Want in Any Federal Data Privacy Legislation

Several big technology companies have a message for any U.S. lawmakers crafting new data privacy rules: Follow our advice. Facebook, Google, Apple, and the Internet Association, which lobbies on behalf of its members like Amazon, Facebook, Twitter, and Airbnb, all say they support federal laws aimed at protecting user privacy. What the companies differ on […]