AirBnB's Joe Gebbia sold $893 million of his company's stock during the first half of 2023
Per Business Insider
Joe Gebbia, the co-founder of AirBnB, has sold close to a million worth of the company's stock during the first half of 2023. Specifically, the co-founder sold $893 worth of his stock during that period.
This came as AirBnB's shares were up by 59% since the start of 2023, during the time of the BI report. Recently, News Week reported that a fall in revenue per AirBnB listing could spark a "housing market crash" according to Jamie Lane, AirDNA senior vice president.
Lane: "A viral tweet about STR data! Lets get some facts straight... There is not a collapse in RevPAL happening. Is it down in 2023? YES. Is it down 40%? NO. I've pulled the numbers from @airdna 's dataset mirroring the analysis done by @nickgerli1 . What do we find? The average market listed is seeing RevPAL decrease of -3.6%, not -40.3%."
In November, it was reported that AirBnB shared a "disproportionate" 31% increase regarding single-room listings during the third quarter of 2022. This came as 46% of hosts were looking for extra income for food and other items.
In May, the AirBnb CEO said that bosses will continue to vacation in the "Hamptons" while calling people back to the office.
See flow at unusualwhales.com/flow.
Other News:
- Airbnb Reports 'Disproportionate' 31% Increase in Single-Room Listings During Q3
- Airbnb CEO says bosses will vacation in the 'Hamptons' while calling people back to the office
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