Airbnb (NASDAQ: ABNB), a San Francisco, California-based vacation rental and online marketplace company, was featured in this week’s Simply Wall St Journal. The piece explores the structures of Airbnb’s ownership and share registry as the company embarks on multiple travel-related ventures to expand its relevance and dominance. “Airbnb is heavily influenced by the locked-in insider ownership. The effective absolute power of management can be viewed as an additional fixed cost for the company — Great to have in good times and while making smart decisions, but exacerbated if implementing bad projects and decisions,” the publication reads. “On the positive side, the private equity ownership stake may serve as an active safeguard for accountability and pressure towards management. For shareholders, it is important to understand the weight of the additional risk imposed by this ownership structure. Incidentally, investors might feel more comfortable if the company had the same ownership structure but a single class of shares, like the traditional company structures. We don’t know if this trend of issuing multiple classes of shares for newer companies will result in a more productive operation. Time will tell.”
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About Airbnb Inc.
Airbnb is an American company that operates an online marketplace for lodging, primarily homestays for vacation rentals, and tourism activities. Based in San Francisco, California, the platform is accessible via website and mobile app. Airbnb does not own any of the listed properties; instead, it profits by receiving commission from each booking. The company was founded in 2008 by Brian Chesky, Nathan Blecharczyk and Joe Gebbia. Airbnb is a shortened version of its original name, AirBedandBreakfast.com. For more information about the company, visit www.Airbnb.com.
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