Author: Cory Weinberg

Airbnb Costs Under Microscope as Travel Shrinks

Airbnb shut down its marketing efforts last week, saving an estimated $800 million annually. But it likely will need to make more-substantial cost reductions across […]

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Airbnb to Halt All Marketing, Most Hiring as Losses Mount

Airbnb plans to halt all of its marketing, pause most hiring, and likely withhold employee bonuses as it tries to conserve cash amid a slide […]

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Lime’s Valuation May Fall 80% in Emergency Fundraising

Scooter rental startup Lime, one of the hottest startups in tech two years ago, is trying to raise emergency funds at a valuation slashed by […]

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VC-Backed Sonder Cuts One-Third of Staff as Travel Plummets

Sonder, a venture capital-backed operator of apartment-based lodgings for tourists and business travelers, laid off or furloughed more than 400 people, about one-third of its […]

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What Techlash? Virus Could Remake Industry Giants’ Image

It has been an uneasy few years for tech giants. Their conduct is under siege by regulators investigating potential illegal abuses of power. Thousands of […]

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Airbnb’s Longstanding Ties to Hosts Frayed by Crisis

Airbnb won fans among travelers over the weekend when it said it would fully refund anyone who was canceling an upcoming stay due to coronavirus. […]

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Market Crash Pressures SoftBank’s High-Risk Investment Strategy

If there’s one company that is vulnerable to the fallout from a virus-inspired economic slump and the stock market crash, it is SoftBank, along with […]

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As Airbnb Ponders Timing of Listing, Stock Grants Impose Deadline

In June 2018, CEO Brian Chesky assured employees that Airbnb would go public by 2020. What nobody could have foreseen then was that a viral […]

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How SoftBank-Backed Hotel Chain Oyo Lost Its Way in the U.S.

Oyo Rooms’ 26-year-old CEO Ritesh Agarwal spent Christmas 2018 driving around Texas, meeting with owners of budget motels near interstate highways. Flush with cash from […]

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How SoftBank-Backed Hotel Chain Oyo Lost Its Way in the U.S.

Oyo Rooms’ 26-year-old CEO Ritesh Agarwal spent Christmas 2018 driving around Texas, meeting with owners of budget motels near interstate highways. Flush with cash from […]

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SoftBank’s Troubles Leave Startups Vulnerable

This post is curated by Keith Teare. It was written by Cory Weinberg. The original is [linked here] Priorities shifted quickly late last year at […]

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