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Airbnb Inc. Chief Executive Officer Brian Chesky discusses the company’s outlook and strategy. The vacation-rental giant reported record sales and earnings that beat analysts’ estimates, proving its resilience even as the delta variant of Covid-19 prompted new travel concerns and restrictions. Chesky speaks with Emily Chang on “Bloomberg Daybreak: Asia.” ——– Like this video? Subscribe to Bloomberg
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The global meat substitute market was valued at $4.51 billion two years ago and is expected to double by 2027, attracting startups, like alternative meat food tech company AKUA, that aim to solidify a prominent place in the up-and-coming industry. Former technology journalist Courtney Boyd Myers co-founded AKUA with Matthew Lebo, who was an adviser
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This week’s top story is located at the crossroads of growth marketing and software development. Usage-based pricing (UBP) for SaaS services is becoming more popular as companies of every type automate their processes, but one important result of the shift is that companies that adopt UBP see a return on their customer acquisition costs much
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Much of our days are built around digital experiences, and companies are increasingly looking for ways to unlock conversion and optimize fraud screening. Today, a startup that has built a real-time behavioral analytics tool is announcing funding as it sees demand for its services increase. Neuro-ID, an analytics platform capturing real-time customer behavior at scale
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HashiCorp filed go public this week, becoming the latest addition to our growing roster of expected fourth-quarter IPOs. The cloud infrastructure unicorn presents an interesting mix of open source and proprietary code, with recurring revenues and a nascent hosted product. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get
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A former upstart Instagram rival is suing Meta, formerly known as Facebook, over allegations that the company violated antitrust laws by cloning a competing product and ultimately killing its business. The app, Phhhoto, launched in 2014, inviting users to create and share short GIF-like videos. If that sounds familiar, that’s because the same functionality was
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Shared electric micromobility giant Lime has closed a $523 million raise in convertible debt and term loan financing, money that Lime CEO Wayne Ting says is the next step on the company’s path to going public next year. Lime will use the capital to invest in its decarbonization efforts, refresh a significant portion of its
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Helion Energy, a clean energy company committed to creating a new era of plentiful, zero-carbon electricity from fusion, today announced the close of its $0.5 billion Series E, with an additional $1.7 billion of commitments tied to specific milestones. The round was led by Sam Altman, CEO of OpenAI and former president of Y Combinator.
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Dan Perry Contributor Dan Perry is managing partner of the Thunder11 communications agency. He previously headed the Associated Press in the Middle East, Europe and Africa. Jonathan “Yoni” Frenkel Contributor On the surface, it’s impressive that Israel has nearly as many unicorns as the European Union with a population almost 50 times smaller. It may
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Products developed to manage artificial intelligence data are still largely fragmented, solving one problem at a time for developers, but not the entire life cycle. Enter Sama, a company providing high-quality training data that powers AI technology applications. CEO Wendy Gonzalez said the company is developing the first end-to-end AI tool for training data through
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At its Facebook Communities Summit today, the social networking giant announced a series of updates and new tools for managing Facebook Groups, including tools designed to help admins better develop the group’s culture, as well as several other new additions like subgroups and subscription-based paid subgroups, real-time chat for moderators, support for community fundraisers, and
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Today after the bell American ride-hailing giant Uber reported its third-quarter financial results. Critically, the long-unprofitable company managed to squeak $8 million worth of adjusted EBITDA — a very modified profit metric — while still posting net losses of more than $2 billion. The adjusted-profit result comes days after Lyft, Uber’s domestic rival, also recently
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