openai OpenAI Unveils Sora Video Generator as Airbnb Drops Cleaning Fees OpenAI launches Sora, an impressive AI model that generates highly realistic videos with a strong grasp of physics and 3D space. Other major tech stories include a new credit-score-based dating app and Airbnb's move to eliminate cleaning fees.
ipo Five Tech Unicorns Cap Off Record 2020 IPO Wave Airbnb, Affirm, C3.ai, Roblox, and Wish officially file for IPOs to close out a historic year for public offerings. The wave signals a broader shift in how tech companies approach going public.
airbnb Airbnb Files for Long-Awaited IPO Despite 32% Revenue Drop Airbnb officially files for its initial public offering, revealing a 32% year-to-date revenue decline due to the coronavirus pandemic. The company awaits a new IPO date after postponing its initial launch.
quibi Quibi Shuts Down After Six Months as Huawei Mate 40 Launch Approaches The short-form streaming service Quibi officially closes its doors just 198 days after launching, leaving behind millions in unspent capital. Meanwhile, the tech world shifts its focus to the upcoming Huawei Mate 40 reveal and other industry updates.
airbnb Home-Sharing Giant Airbnb Confidentially Files for Long-Awaited IPO Airbnb officially submits a confidential registration for its initial public offering as the travel industry shows early signs of recovery. The move marks a major milestone for the company after years of delay and a severe pandemic-driven downturn.
airbnb Airbnb Confidentially Files for Long-Awaited Public Debut Airbnb officially submits a confidential IPO filing, marking a dramatic turnaround after the pandemic devastated its business earlier this year. The home-sharing giant now eyes a late 2020 public offering as its recovery gains momentum.
airbnb Airbnb Files Confidential IPO Paperwork After Pandemic Slump Airbnb officially submits its draft registration to the SEC for an initial public offering. The filing follows a devastating period for the company that included massive layoffs and slashed valuations due to the coronavirus pandemic.
airbnb Airbnb Prepares Confidential IPO Filing After Pandemic Delay Airbnb plans to confidentially file for its initial public offering this month, with shares potentially trading by the end of the year. The home-rental giant resumes its market debut plans after the Covid-19 pandemic forced a major delay and significant cost-cutting measures.
airbnb Airbnb Redesigns Platform for Long-Term Stays Amid Pandemic Airbnb rapidly overhauls its app and homepage to prioritize monthly stays, online experiences, and housing for frontline medical workers as the coronavirus halts short-term travel.
airbnb Airbnb Cuts Contractors and Cancels Summer Internships Amid Pandemic Airbnb ends contracts for contingent workers and delays undergraduate hiring as the COVID-19 crisis disrupts the tech industry. Affected interns now face a sudden, highly competitive search for replacement opportunities.
airbnb Airbnb Acquires HotelTonight to Expand Last-Minute Travel Options Airbnb signs an agreement to acquire HotelTonight, a last-minute hotel booking service, to enhance its end-to-end travel platform. The acquisition aims to serve spontaneous travelers and bring more boutique hotels to the Airbnb community.
airbnb Airbnb Announces Listing Verifications Amid Growing Marketplace Scrutiny As Airbnb pushes toward its IPO, the company pledges to verify all listings for accuracy and safety. The move highlights a broader lack of accountability across peer-to-peer marketplace platforms.
airbnb Airbnb Mandates Verification for All 7 Million Listings Amid Safety Concerns Following a fatal Halloween shooting, Airbnb commits to verifying every listing for accuracy, safety, and cleanliness. The company also introduces a 24/7 neighbor hotline and enhanced reservation screening.
airbnb Airbnb Bans Party Houses Following Fatal Halloween Shooting in California Airbnb announces an immediate ban on party houses and new safety measures after a Halloween shooting at a rented California home leaves five people dead. The company is creating a rapid response team and expanding manual screenings of high-risk reservations.
airbnb Airbnb Acquires Danish Startup Gaest to Expand Into Meeting Space Bookings Airbnb purchases Gaest, a marketplace for booking meeting and offsite venues, as part of its ongoing push into the business travel market. The acquisition allows the company to diversify its revenue beyond basic overnight stays.