February 25, 2017 4:43 PM ET

Internet Software and Services

Company Overview of Airbnb, Inc.

Company Overview

Airbnb, Inc. operates an online community marketplace for people to list, discover, and book accommodations worldwide online or from a mobile phone. The company allows people to rent out their extra space and showcase it to audience. Airbnb, Inc. was formerly known as AirBed & Breakfast, Inc. The company was founded in 2008 and is based in San Francisco, California.

888 Brannan Street

4th Floor

San Francisco, CA 94107

United States

Founded in 2008

Phone:

415 728 0000

Fax:

415 728 0000

Key Executives for Airbnb, Inc.

Co-Founder and Chief Executive Officer
Co-Founder and Chief Technology Officer
Co-Founder and Chief Product Officer
Chief Financial Officer
Age: 48
Head of Global Hospitality
Compensation as of Fiscal Year 2016.

Airbnb, Inc. Key Developments

Aimco Sues Airbnb, Inc. for Promoting and Participating in Lease Violations Causing Disruptions to Residents in Florida and California

Apartment Investment & Management Company has filed suit in California and Florida state courts seeking monetary damages as well as court orders preventing Airbnb, Inc. from assisting Aimco tenants to breach their leases in order to sublet their apartments.  Short-term rental arrangements, whether through Airbnb or otherwise, are expressly prohibited by Aimco's lease agreements. Transient Airbnb clients have posed safety and quality of life concerns for Aimco's full-time residents. Aimco strives to provide exceptional customer service and to offer residents a safe living environment free from disruption.  All prospective Aimco residents undergo criminal background checks and credit history reviews before their acceptance as qualified renters.  When approved, Aimco residents sign the company's Good Neighbor Policy as part of their lease – a promise of good behavior and consideration for their neighbors.  By contrast, those assisted by Airbnb to use Aimco property in violation of the Aimco lease are trespassers, with unvetted personal histories, and no vested interest in maintaining a peaceful community atmosphere.  On several occasions, these Airbnb supported trespassers have created safety, noise and nuisance concerns for Aimco's lawful residents, including incidents of public drunkenness and fighting requiring police assistance.

Airbnb Mulls Acquisitions

Airbnb, Inc. is looking for acquisitions. The company, whose cash reserves stacked up to $3 billion, is considering a combination of acquisitions and partnership deals to quickly grow its portfolio, according to sources quoted by Bloomberg.

Airbnb In Talks To Acquire Canada’s Luxury Retreats

Airbnb, Inc. is in talks to buy Luxury Retreats International Inc. to help it expand in high-end vacation rentals and travel services, people familiar with the matter said. The Airbnb board of directors is expected to vote on approving the deal this week, said the people, who asked not to be identified because the terms have yet to be finalized. A sale is expected to fetch no more than $300 million in cash and stock, said one of the people.

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