Re:Airbnb S-1
by maltelandwehr on Monday November 16, 2020 @05:09PM
(#25117671)
Not plausible. Just wishful thinking. How would that even work if superhosts are not accredited investors?
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Airbnb Host Endowment: A fund that is intended to provide support to our host community now and in the future, which we expect will be initially funded with 9.2 million shares of Airbnb stock
https://www.airbnb.com/resources/hosting-homes/a/how-were-gi...
Square did this for some of their merchants through Loyal3 (which appears to be dead now), so it’s plausible.
Disclosure: am employee
Employees that get and exercise stock options are not accredited investors either. Couldn't they take a similar route?
I admit, I ask mostly selfishly (my wife and I are superhosts, we have managed a full-time AirBnB in CA for 2 years). But it's also an interesting thought experiment. It would be quite the contrast to how the rideshare and food delivery companies treat their non-employees.
Uber and Lyft did give long-term drivers “appreciation awards” which they could use to buy stock in the IPO. So not unprecedented.
https://techcrunch.com/2019/04/11/uber-is-dishing-out-apprec...
Re:Airbnb S-1
by julianozen on Tuesday November 17, 2020 @02:25AM
(#25121070)
My understanding was that the Uber stock was a huge disaster because the value of the Uber stock imploded after drivers bought options
Disclaimer: I am an Airbnb employee