Airbnb launched its Host Clubs in 2016, in part to help with local campaigns against regulatory clampdowns. Now, it is seeking to expand these clubs.
19.11.2023 - 23:39 / skift.com / Brian Chesky / An Airbnb / Dennis Schaal / Sam Altman
From his posts and re-posts on X, it’s clear that Airbnb CEO Brian Chesky is highly supportive of Sam Altman, the ousted CEO of OpenAI, and now-former board Chairman Greg Brockman, and Chesky seems to be in-the-know about some of the maneuverings behind the scenes.
One knowledgeable source told Skift that Chesky could get appointed to a highly coveted OpenAI board seat if Altman indeed returns to OpenAI.
An Airbnb spokesperson had no comment on the issue.
The situation is very fluid with the OpenAi board said to be negotiating Altman’s return following an intense backlash, according to published reports. Some have referred to Altman’s sudden firing Friday as a board “coup” — a characterization that Chesky reposted on X, formerly known as Twitter.
It’s likely the scramble is on to fill board openings on a reconstituted board if Altman returns to the company, which launched ChatGPT a year ago, and quickly climbed to a $90 billion valuation. Tech journalist Kara Swisher reported that Altman would re-assume his position only if Microsoft, which invested billions in OpenAI and its generative AI software, and “some other big names” get board posts.
Chesky would be one such big name as a board appointee, and one who is tight with Altman, and shares much of OpenAI’s vision for the potential of the generative AI revolution.
The Information reported Sunday that the OpenAi board invited Altman and Brockman to headquarters today to discuss their return. Chief Strategy Officer Jason Kwon expressed “optimism” to staff about the duo’s return as well as that of three senior researchers who exited the company is support of Altman and Brockman on the day of Altman’s firing and Brockman’s resignation.
In a Skift interview in May, Chesky said generative AI would radically change the nature of Airbnb as early as 2024.
An Airbnb proxy statement in April did not list Chesky as having any outside board seats.
The current board has governance over OpenAi’s 501 (c) (3) charity, and the operating company subsidiary, OpenAI Global, and emphasizes OpenAI’s non-profit nature. OpenAI Global is a capped for-profit subsidiary, and some of the Altman-board tension may have been over the non-profit versus profit dynamic. The board, though, justified Altman’s ouster by saying he hadn’t been candid with the board.
Chesky said in May during that Skift interview that he is “very close” to Altman and “I talk to him every day.” The Airbnb CEO said Altman was one of his “first mentors” upon Chesky’s arrival in San Francisco in 2007. Altman was already at Y Combinator for a couple of years before Chesky and his co-founders applied to attend the startup accelerator in late 2008.
Chesky said he and Altman became even tighter — as did the
Airbnb launched its Host Clubs in 2016, in part to help with local campaigns against regulatory clampdowns. Now, it is seeking to expand these clubs.
Booking Holdings Chief Financial Officer David Goulden said this week that the flagship Booking.com brand launched its short-term rental business as a supplement to hotels “15-plus years” ago, which is roughly around the time Airbnb got going in San Francisco.
As has been his habit about product changes, Airbnb CEO Brian Chesky tweeted about updates the company is making to this year’s summer release announced in May.
Will Smith is the latest celebrity to promote Saudi Arabia. Smith posted a video on Instagram Wednesday morning showing his recent visit to Neom, a $500 billion project Saudi Arabia is building and hoping to open by next year.
Airbnb co-founder Joe Gebbia, who left his full-time role at the company a year ago, has sold more than $1.37 billion worth of his Class A shares since that time, including more than $1 billion so far in 2023, according to regulatory filings, Bloomberg reported. Gebbia still chairs the non-profit Airbnb.org, but more importantly, he retains the bulk — but not all — of his Class B shares, which now give him 19.8% of Airbnb’s voting power. Together with his two other co-founders, CEO Brian Chesky (30.6%) and Chief Strategy Officer Nathan Blecharczyk (26.9%), they control 77.3% of Airbnb’s voting power.
Hungary’s short-term rental hosts who offer their properties on Amsterdam-based Booking.com haven’t been paid for several months, leaving some having to decide whether they’ll need to shutter their businesses, according to published reports.
Happy Tuesday, folks! We’re back after last week’s 10th annual Skift Global Forum in New York City. It was quite the event: Notable speakers for me were Airbnb CEO Brian Chesky, Salamander Hotels CEO Sheila Johnson, and Uber CEO Dara Khosrowshahi.
Good morning, readers. I hope you’re having an easy Thursday so far. I don’t know about you, but I am loving the new look of this newsletter, so much so that I sent myself multiple test emails this morning.
Good morning, readers! I hope you’re have your reading glasses on, this is a long one.
With critics questioning Airbnb’s growth momentum, Airbnb announced Tuesday that Chief Financial Officer Dave Stephenson will become chief business officer, a newly created position, and VP of Finance Ellie Mertz will become CFO March 1.
If a Venetian gondola ride under the Bridge of Sighs or an aperitivo at Harry’s Bar is on your travel list for 2024, you might need to fill out some extra paperwork—and pay some extra money. In an effort to shore up against the ravages of overtourism, Venice will start charging certain tourists an entry fee to access the marvels of the delicate floating city.
Jet setting around the world can be incredibly glamorous, but it can also be incredibly expensive. That’s where Air Tahiti Nui comes in.