Tag: Airbnb

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Uber, Lyft and Airbnb cut thousands of jobs as pandemic batters Silicon Valley

The economic fallout from the coronavirus has come to Silicon Valley, with major tech firms announcing layoffs in recent weeks. On Wednesday, Uber became the latest company to announce cuts, revealing in a filing to the Securities and Exchange Commission that it will lay off 3,700 workers – roughly 14% of its global workforce. Uber…
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May 8, 2020 0

Pinterest pins hopes on cut-price IPO as latest tech ‘unicorn’ goes public

Pinterest, the digital scrapbooking site, has became the latest Silicon Valley “unicorn” to publish details of its plans to go public. The company’s initial regulatory filing would value the company at around $9bn, significantly less than previous valuations but a figure that could change if investors get behind the initial public offering (IPO). Pinterest is…
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April 8, 2019 0

House-hunting in Silicon Valley: tech’s newly rich fuel a spectacle of excess

In Silicon Valley, an open house can be more than an open house. At a six-bedroom, seven-bath home in the town of Menlo Park, a flamenco dancer swirled and a guitarist fingerpicked in a kitchen alcove. Outside, pesto pizza was pulled from the pizza oven. A face painter splotched unicorns on pudgy cheeks. A barista…
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March 27, 2019 0

IPO mania: San Francisco braces for ‘earthquake’ of new tech millionaires

Several big-name tech companies are set to enter the public market, and the speculation over the effects of a crush of overnight millionaires overwhelming the region has reached fever pitch.


March 26, 2019 0

Union calls for Uber drivers and Airbnb hosts facing tax crackdown to be protected

The Transport Workers Union of Australia has condemned the federal government’s plans to crack down on Uber drivers and Airbnb hosts who avoid paying tax.


January 23, 2019 0

Is the gig economy all it’s cracked up to be?

The “gig” economy was supposed to be an opportunity for entrepreneurs to be their own boss. Everyone from Uber to Postmates, Lyft, Airbnb, Turo and Parklee have all sold themselves as platforms for freelancers and would-be entrepreneurs to work for themselves.


December 6, 2018 0