Airbnb is an American vacation rental online marketplace company based in San Francisco, California, United States. The company was founded in 2008 by Brian Chesky, Nathan Blecharczyk and Joe Gebbia. On August 19, 2020, Airbnb announced that it had filed for an initial public offering. In December 2020, the company went public with a valuation of over USD 100 billion.
About Airbnb in brief
Airbnb is an American vacation rental online marketplace company based in San Francisco, California, United States. The company was founded in 2008 by Brian Chesky, Nathan Blecharczyk and Joe Gebbia. On August 19, 2020, Airbnb announced that it had filed for an initial public offering. In December 2020, the company went public with a valuation of over USD 100 billion. By October 2013, Airbnb had served 9,000,000 guests since its founding in August 2008. Nearly 250,000 properties were added in 2013. In July 2014, Airbnb revealed design revisions and introduced a new logo to the site and mobile app. The logo, called Bélo, is intended to serve as a symbol of ‘belonging’ and represents a place that represents a heart to people. In the summer of 2016, the U.S. Federal Trade Commission began investigating how Airbnb affected three members of Congress. In April 2015, following the Obama administration’s easing of restrictions on S.C. businesses to operate in Cuba, Airbnb expanded to Cuba, making it one of the first companies to do so. In October 2011, Airbnb established an office in London, its first international office. In early 2012, Airbnb opened offices in Paris, Milan, Barcelona, Copenhagen, Moscow, and São Paulo. In September 2013, the firm established its European headquarters in Dublin, and announced plans to launch the service in Thailand and Indonesia. In November 2012,bnb launched a travel guide of 23 cities that helps travelers choose a neighborhood in which to stay based on certain criteria and personal preferences.
It has attracted criticism for increasing rent prices in cities where it operates, and creating nuisances for those living near leased properties. In November 2010, they raised financing from Greylock Partners and Sequoia Capital in a Series A round and announced that out of 700,000 nights booked, 80% had occurred in the previous six months. In March 2009, the name of the company was shortened to Airbnb. com, and the site’s content had expanded from air beds and shared spaces to a variety of properties including entire homes and apartments, private rooms, and other properties. In February 2008, the founders put together a website that offered short-term living quarters and breakfast for those who were unable to book a hotel in the saturated market. The site Airbedandbreakfast. com officially launched on August 11, 2008. By March 2009,. the site had 10,000 users and 2,500 listings. In January 2009, they used the Y-Combinator investment to fly to New York to meet users and promote the site. They returned to San Francisco with a profitable business model to present to West Coast investors. They announced its strategy to move more aggressively into the Asian market with the launch of anoffice in Singapore in December 2012. The company won the \”app\” award at the 2011, South by Southwest conference. It has also faced challenges from the hotel industry and other, similar companies.