Online community marketplace for people to list, discover, and book accommodations around the world.
Airbnb, Inc. is an American San Francisco-based company operating an online marketplace for short- and long-term homestays and experiences. The company acts as a broker and charges a commission from each booking. The company was founded in 2009 by Brian Chesky, Nathan Blecharczyk, and Joe Gebbia. Airbnb is a shortened version of its original name, AirBedandBreakfast.com. The company is credited with revolutionizing the tourism industry, while also having been the subject of intense criticism by residents of tourism hotspot cities like Barcelona and Venice for enabling an unaffordable increase in home rents, and for a lack of regulation.
Lodging, Hospitality
One of the primary drivers of the recent tech stock downturn is the surge in bond yields.
Additionally, Airbnb is looking to leverage the power of OpenAI’s GPT-4 large language model to enhance its customer service department.
Swedish fintech mainstay Klarna cut its Q1 net loss to $120.7 million while boosting operating income by 22% YoY.