Airbnb Buying HotelTonight (video), Likely To Delay IPO

Airbnb Is Buying HotelTonight

Airbnb coming closer to a one-stop shop for travel by buying HotelTonight. Fortune Magazine video above published Mar 7, 2019.

Airbnb says it’s been profitable for two years straight, in preparation for an initial public offering (IPO) of shares. Airbnb is one of several unicorns reportedly preparing to IPO, including Uber, Lyft and WeWork. But Airbnb's IPO may not actually debut this year due to the HotelTonight acquisition.

Domains: airbnb.com and hoteltonight.com

A‌i‌r‌b‌n‌b‌, ‌I‌n‌c‌.‌ is a privately held global company headquartered in San Francisco that operates an online marketplace and hospitality service accessible via its websites and mobile apps. Members can use the service to arrange or offer lodging, primarily homestays, or tourism experiences.
  • Airbnb CEO: Brian Chesky (Aug 2008–)
  • Revenue: 2.6 billion USD (2017)
  • Number of employees: 3,100 (2017)
  • Founders: Brian Chesky, Nathan Blecharczyk, Joe Gebbia

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