AIRBNB INC-CLASS A - CybAI news

19 Aug

Uber-Backed E-Scooter Startup Lime Enters Japan After Korea Exit

stp2y0 CommentsRAG modelsAIRBNB INC-CLASS A, business, cities, Government, hyperdrive, japan, LIME SARL, LUUP KK, regulation, startups, Technology, Tokyo, UBER TECHNOLOGIES INC

Uber Technologies Inc.-backed Lime is entering Japan’s growing e-scooter ride market in a foray that pits the San Francisco-based startup against homegrown Luup KK.Lime, which has a global fleet of around 200,000 e-bikes and scooters, on Monday launched its service in some of Tokyo’s most densely populated neighborhoods of Shibuya, Shinjuku, Meguro and Setagaya wards. Lime now has around 200 electric scooters and more than 40 recharging ports. Tokyo-based Luup, which controls more than 90% of the domestic market in terms of ride mileage, operates 9,100 ports. Source link lol

09 Aug

Expedia Warns of Soft Demand Even as It Posts an Earnings Beat

stp2y0 CommentsRAG modelsAIRBNB INC-CLASS A, BOOKING HOLDINGS INC, Consumer Confidence, Earnings, Executives, EXPEDIA GROUP INC, Julie P Whalen, new york, Technology, travel, Wall Street

Expedia Group Inc. posted better-than-expected second-quarter results while warning of “softening” travel demand in the current quarter, leading it to adjust its expectations for the rest of the year. Gross bookings across Expedia’s platforms, which include flight reservations, hotel stays, car rentals activities and vacation rentals, increased 6% to $28.8 billion in the three months ended June 30, the company said Thursday in a statementBloomberg Terminal. Wall Street was expecting $28.6 billion, according to data compiled by Bloomberg. Source link lol

08 Aug

Travel Startup Flyr Raises $295 Million in Equity and Debt

stp2y0 CommentsRAG modelsABU DHABI INVESTMENT AUTHORI, acquisitions, AIRBNB INC-CLASS A, BLACKROCK INC, Debt, JETBLUE AIRWAYS CORP, software, startups, Technology, travel, Wall Street

Flyr, a travel startup that provides software to companies including JetBlue Airways Corp., has raised $295 million in equity and debt in a new funding round. The deal, led by WestCap, values the startup at $900 million, according to a person familiar with the matter who asked not to be identified discussing private information. Other investors included BlackRock funds, Streamlined Ventures and a subsidiary of the Abu Dhabi Investment Authority. The financing represents $225 in equity and $70 million in debt, and brings the startup’s total investment haul to $500 million. Source link lol

07 Aug

Airbnb Gives Soft Outlook on ‘Signs of Slowing Demand’ From US

stp2y0 CommentsRAG modelsAIRBNB INC-CLASS A, Asia, BOOKING HOLDINGS INC, Brian Joseph Chesky, Capital Markets, Currency, europe, JULY SARL/CAEN, Latin America, Markets, Technology, travel

Airbnb Inc. shares plunged by the most ever after the company issued yet another disappointing outlook and warned of slowing demand from US vacationers.Bookings rose 8.7% in the second quarter to 125.1 million, falling well below analysts’ estimates. And Airbnb saidBloomberg Terminal it expects “sequential moderation” of growth in bookings in the third quarter, too, signaling that results will disappoint analysts who had projected an 11% gain amid the peak summer travel season. Source link lol

07 Aug

As Airbnb Shares Plunge, CEO Says ‘It’s a Good Time to Buy’

stp2y0 CommentsRAG modelsAIRBNB INC-CLASS A, Americas, Brian Joseph Chesky, Consumer Discretionary, Earnings, iphone, new york, Technology, TWITTER INC, Wall Street, Well Spent

Airbnb Inc. Chief Executive Officer Brian Chesky’s response to his company’s disappointing outlook and an ensuing share-price plunge: “I’m confident it’s a good time to buy.” Source link lol