In November, Airbnb acquired a stealth AI firm launched by Siri’s co-founder, called GamePlanner.AI. The deal valued the secretive startup at around $200 million, according to reports. Though the hosting company didn’t telegraph its plans for GamePlanner at the time, Airbnb co-founder and CEO Brian Chesky today shared a high-level overview of Airbnb’s larger plans for AI, saying that it planned to accel at the “application layer” of AI, building one of the “most innovative AI interfaces ever created.”Hyperb ...

Airbnb is slowly killing the cleaning fee as it aims for more transparent pricing.Since early last year, when the company started showing guests all-inclusive pricing when booking a property, almost 300,000 listings have removed or lowered cleaning fees, Airbnb said in its earnings report today. Now, nearly 40% of active listings no longer charge cleaning fees.On the customer side, these cleaning fees had been a longtime frustration. You could spot a bargain on a vacation rental on Airbnb, only to navigate ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Airbnb Inc.’s stock bounced around in volatile extended trading Tuesday following quarterly results that eclipsed analysts’ revenue estimates and guidance. The vacation-property rentals company ABNB, -1.94% reported a fiscal fourth-quarter net loss of $349 million, or 55 cents a share, compared with net income of $319 million, or 50 cents a share, in the same quarter a year ago. Airbnb’s sales climbed 17% to $2.22 billion from $1.9 billion in the year-ago quarter. Analysts polled by FactSet had expecte ...

Brian Chesky, co-founder and chief executive officer of Airbnb Inc., at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Tuesday, Dec. 12, 2023.Airbnb reported better-than-expected revenue for the fourth quarter on Tuesday and issued an optimistic forecast for the current period. The stock jumped more than 8% in extended trading. Here's how the company did:EPS: 55-cent loss. It's not immediately clear if that's comparable to the 62-cent profit estimate, according to LSEG, formerly known as ...

We are halfway through the earnings season, and what an exciting time this has been! Several companies have reported exceptional results, proving that the economy is on its way to recovery. We will see better days ahead, and the stock market could soar. While many companies have already announced results, several stalwarts have not yet. These three companies are expected to report positive earnings surprises, which can boost the stock in the following days. Shopify (SHOP)Source: Burdun Iliya / Shutterstock. ...

U.S. markets fell in the early going on Tuesday, reversing some of the gains from last week following a historic milestone for the S&P 500. We remain in the thick of the Q4 earnings season, with more than 800 companies reporting results this week. Earnings continue to be the focus heading into Tuesday’s session along with this morning’s key inflation report.The consumer price index (CPI) data for January showed that both headline and core inflation came in above forecasts. On a monthly basis, headline CPI r ...

Investors might want to bet on Airbnb, Inc. (ABNB) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a chang ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 13:Equitrans Midstream Corporation (ETRN) : This midstream energy company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.7% over the last 60 days.Equitrans Midstream Corporation's shares gained 14.2% over the last three months compared with the S&P 500’s advance of 11.5%. The company possesses a Momentum Score of A.Airbnb, Inc. (ABNB) : ...

Love is in the air – at least, for certain picks on the stock market it is. America’s National Retail Federation says that nearly $26 billion will be spent on Valentines Day this year in the U.S. alone, representing “a new high of $14.2 billion on their significant others or spouses this year, or a record $101.84 per person.” These numbers include a highest-ever $6.4 billion on jewellery and $4.9 billion on restaurants and ‘an evening out’, with categories of ‘flowers’ and ‘clothing’ coming in third and fou ...