Airbnb

Airbnb

Image courtesy of Airbnb

About: Airbnb is a website that brokers lodging. It allows those with homes, rooms, or apartments to offer these spaces to tourists or those looking for temporary housing. It facilitates this transaction for customers although it does not own or manage any of the properties it advertises.

Headquarters: San Francisco California

Founded in: 2008

Founded by: Brian Chesky, Joe Gebbia, and Nathan Blecharczyk

Airbnb Q&A

Where does Airbnb operate?
Airbnb was founded in 2008 in San Francisco by roommates struggling to make rent. The founders received venture funding which allowed them to grow their platform. The nature of the site allows "hosts" to rent out apartments, houses, or rooms by posting pictures of the space and writing a description, which makes the format usable nearly everywhere. Airbnbs are now available on six continents. They have a number of international offices.
What is Airbnb known for?
Airbnb gained interest from venture capitalists in the winter of 2009, when startup incubator Y Combinator provided $20,000 in exchange for a small interest share. They received seed money from Sequoia Capital in April of that year, and have since raised more than $3B in funding. It has experienced several controversies, which range from negative guest and host experiences to discrimination to criticism that it has decreased housing affordability.
Why is Airbnb significant to the real estate industry?
Since it can be used as an alternative to hotel stays, Airbnb has affected the hotel industry. Accusations that Airbnb's presence in a neighborhood increases average rents caused controversy for the company and the real estate industry and indicate that it has also had an affect over the residential market. The company has lobbied against local governments that seek to limit Airbnb's spread in their areas.
Want to learn more about Airbnb?
Check out our Top Stories below for TRD’s most up-to-date coverage of Airbnb.

Airbnb Top Stories

August 19, 2019The city’s crackdown on Airbnb has claimed three more Manhattan buildings.
July 9, 2019A Brooklyn Airbnb host who claimed he was unfairly targeted by the city in retaliation for his advocacy will move forward with a civil rights lawsuit after a U.S. District Court judge dismissed some of his claims but declined to throw out the suit in full.
June 26, 2019On Tuesday, Airbnb announced it was rolling out Airbnb Luxe, a vertical featuring properties that rent for $1,000 or more per night.

The Latest

WIll Smith as the Fresh Prince and the Los Angeles mansion (Getty, Airbnb)

Stay at the “Fresh Prince of Bel-Air” mansion for $30/night

If you’ve ever wanted to know what it’s like to sit on a throne as the Prince of Bel...

Stay at the “Fresh Prince of Bel-Air” mansion for $30/night
Airbnb's Brian Chesky and Bill Ackman (Getty)

Bill Ackman on Airbnb: “I wouldn’t use the word rebuff”

Bill Ackman is no spurned lover. The billionaire investor confirmed his blank-check company tried to strike a deal with...

Bill Ackman on Airbnb: “I wouldn’t use the word rebuff”
Airbnb's Brian Chesky (Getty, iStock)

Airbnb’s IPO roadshow, now in the Zoom waiting room

Airbnb’s IPO roadshow is looking more and more like a staycation. After filing confidential plans to go public last...

Airbnb’s IPO roadshow, now in the Zoom waiting room
Bob Dylan, Zelda and F. Scott Fitzgerald, with Big Pink (Credit: Evening Standard/Getty Images, Bettmann/Getty Images, and Wikipedia)

Dylan who? Covid shifts focus off celeb-tied short-term rentals

Sure, F. Scott and Zelda Fitzgerald once lived in the Montgomery, Alabama, home now available as a short-term rental....

Dylan who? Covid shifts focus off celeb-tied short-term rentals
Airbnb's Brian Chesky (Getty)

Five things to know about Airbnb’s IPO

More than a decade after Brian Chesky rented out a room in his San Francisco apartment, Airbnb made it official this week: The hospitality marketplace is going public. The home-share unicorn, most recently valued...

Five things to know about Airbnb’s IPO
Airbnb's Brian Chesky (Getty)

Airbnb confidentially files to go public

Airbnb has confidentially filed to go public, following a dramatic dip in revenue as a result of the pandemic. The home-share startup announced the move in a statement on its website Wednesday, noting that...

Airbnb confidentially files to go public
The last Blockbuster in Bend, Oregon (Airbnb)

World’s last Blockbuster for rent on Airbnb

The last remaining Blockbuster video store in the world is getting a new lease on life. Airbnb is turning...

World’s last Blockbuster for rent on Airbnb
Airbnb sues booking guest over unauthorized house party

Airbnb sues booking guest over unauthorized house party

Los Angeles and cities across California have been cracking down on short-term rental “party houses,” and now Airbnb is...

Airbnb sues booking guest over unauthorized house party
Airbnb CEO Brian Chesky (Getty)

Airbnb’s Q2 revenue falls by almost 70%

Airbnb’s revenue fell by a reported 67 percent in the second quarter, as the startup weathered the fallout from a halt in global travel. The company’s quarterly revenue plunged to $335 million — down...

Airbnb’s Q2 revenue falls by almost 70%
Airbnb CEO Brian Chesky (Getty)

Airbnb plans to file for IPO this month

Airbnb plans to file IPO paperwork with the Securities and Exchange Commission later this month, a move that would allow the peer-to-peer home-rental giant to potentially sell shares to the public before the end...

Airbnb plans to file for IPO this month
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