What’s up with airbnb? Companies like uber, lyft are going public with huge losses.
Most importantly, they don't need the cash. But it lets them do things their way without public finance metrics affecting employee net worth and thus morale if things don't go as well as they hope.
The business doesn’t need the cash but the stakeholders of the business certainly do. So far no one’s offered an explanation
If Airbnb hasn't been pressured by investors to IPO sooner rather than later, then I suspect it has something to do with their obsession with building a great company culture. They probably have their investors convinced that it's in the best long-term financial interest of the company to continue to build their culture so that the employees don't leave at the first chance they get some liquidity.
They missed a big bull run and need to wait till the market is ready and greedy enough to go again.
If you are profitable you are less desperate for a funding round (aka ipo)
Why sell shares when you're making money
Company is making money. But shareholders and employees cant sell their shares until ipo. How long can you force them to hold onto paper shares worth millions?
Lol, they don't give a fuck about the employees, it's all about optimizing for greatest value for the main owners, if they can afford to wait they will wait.
they don’t need the cash and putting Expedia’s also ran brand HomeAway to shame
Wait what? You mean rsu could expire?
ISO grants
RSUs expire in 5-7 year.
Co-founders are rich and they don't care about employees who cares about liquidity
It’s called hyperinflation and not living up to the hype