Airbnb

 ( Official Website ) 

After the founders raised $30,000 by selling cereal named after the two candidates of the 2008 United States presidential election, Barack Obama and John McCain, mostly at the 2008 Democratic National Convention, computer programmer Paul Graham invited the founders to the January 2009 winter training session of his startup incubator, Y Combinator, which provided them with training and $20,000 in funding in exchange for a 6% interest in the company. With the website already built, 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. By March 2009, the site had 10,000 users and 2,500 listings.

In March 2009, the name of the company was shortened to Airbnb.com to eliminate confusion over air mattresses; by then listings included entire rooms and properties. By November 2010, out of 700,000 nights booked, 80% had occurred in the previous six months. At the March 2011 South by Southwest conference, Airbnb won the "app" award. In November 2012, Airbnb launched "Neighborhoods", a Guide book of 23 cities that helps travelers choose a neighborhood in which to stay based on certain criteria and personal preferences.

By October 2013, Airbnb had served 9,000,000 guests since its founding in August 2008. Nearly 250,000 listings were added in 2013. In July 2014, Airbnb revealed design revisions to the site and mobile app and introduced a new logo. The logo, called the Bélo, is intended to serve as a symbol of "belonging", and consists of four elements: a head which represents people, a location icon that represents place, a heart to symbolize love, and a letter "A" to stand for the company's name. It also announced a partnership with Concur, an expense reporting service for businesses, to make it easier for business travelers to report Airbnb stays as business expenses.

In April 2015, following the easing of restrictions on U.S. businesses to operate in Cuba, Airbnb expanded to Cuba, making it one of the first U.S. companies to do so. In July 2016, former Attorney General Eric Holder was hired to help craft an anti-discrimination policy for Airbnb after reports showed that hosts were refusing to accept lodging requests from guests whose names suggested that they were black. As part of the reform, photos of prospective guests are hidden from hosts until requests for lodging are accepted.

In November 2016, Airbnb launched "experiences", whereby users can use the platform to book activities. In January 2017, along with serial entrepreneurs Gary Vaynerchuk, Ben Leventhal and Mike Montero, Airbnb led a $13 million investment in Resy, a restaurant reservation-booking app. In May 2017, the company launched Airbnbmag, a magazine co-published with Hearst Communications.

In February 2018, the company announced Airbnb Plus, a collection of homes that have been vetted for quality of services, comfort and design, as well as Beyond by Airbnb, which offers luxury vacation rentals. By October 2019, two million people were staying with Airbnb each night. In April 2019, Airbnb produced and financed Gay Chorus Deep South, a documentary launched by its Rausch Street Films division. The rights were sold to MTV, which aired the program on its network.

On World Animal Day (October 4) in 2019, Airbnb launched a new standalone category of experiences focused on those involving animals, as well as an animal welfare policy created with and backed by World Animal Protection. In 2020, Airbnb started testing the Jetpack Compose framework in its Android app while the framework was still in developer preview. Its developers later started utilizing Compose in production.

During the COVID-19 pandemic, bookings dropped as much as 96% in some cities. However, bookings rose in many rural areas. The company pledged $250 million in payouts to hosts to compensate them for guest cancellations due to the pandemic. The company also Layoff approximately 1,900 employees, or about 25% of its workforce in the Americas, Europe, and Asia due to the pandemic. On December 10, 2020, Airbnb (ticker symbol: "ABNB") became a public company via an initial public offering, raising $3.5 billion on Nasdaq. Shares valued at $238 million were offered to hosts on the platform at the price of $68 per share.

In March 2022, Airbnb suspended business in Russia and Belarus due to the sanctions resulting from the Russian invasion of Ukraine. In May 2022, Airbnb ceased operations in China. The decision was made primarily because of China's Zero-COVID policy, as well as complicated and expensive laws and regulations that required Airbnb to send detailed information on guests to the government of China, which can be used to track people.

Airbnb was accused of being too willing to provide this information, which led to the resignation of an Airbnb executive, who was also a former deputy director of the Federal Bureau of Investigation, in 2019 after 6 months of working. Airbnb had also been accused of allowing listings on land owned by the Xinjiang Production and Construction Corps, a Chinese state-owned paramilitary entity sanctioned under the Magnitsky Act for involvement in the persecution of Uyghurs in China. In 2019, certain hosts in China were accused of discrimination by refusing to rent to Uyghurs.

After temporarily banning parties in homes rented on the platform in August 2020 due to the COVID-19 pandemic, in June 2022, Airbnb announced that it would permanently ban parties and events in homes on its platform, a position supported by hosts and their neighbors who complained of nuisances at Airbnb properties. In August 2022, Airbnb rolled out technology to enforce this ban.

In November 2012, Airbnb opened an office in Sydney, its 11th office location, and announced plans to launch the service in Thailand and Indonesia. In December 2012, Airbnb opened an office in Singapore. In April 2022, Airbnb instituted a policy of unlimited for almost all its employees.