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  • 02/01/2018 12:55:25

    Airbnb: not going public in 2018

    Airbnb Inc. said Thursday that it is not going to list on the public markets in 2018, following the departure of its Chief Financial Officer Laurence Tosi. In a statement Airbnb Chief Executive Brian Chesky said, "We are not going public in 2018. Our primary focus is becoming a 21st-century company and advancing our mission. We're working on getting ready to go public and we will make decisions about going public on our own timetable." Chesky previously said in October that the company was half way through its two year process to prepare to go public, though that did not mean the company planned to do so once it was complete. Airbnb also said Thursday that it had elevated Belinda Johnson to the Chief Operating Officer position. Previously she served as chief business affairs and legal officer at Airbnb and currently sits on the PayPal Inc. board, according to her LinkedIn profile.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/19/2018 14:11:40

    Apple brings in data-science team in analytics push

    Apple Inc. brought on several dozen employees from Silicon Valley Data Science, according to Bloomberg, as it seeks to enhance its analytics capabilities. Silicon Valley Data Science's website says that the firm uses data to help clients increase retention, engagement, and sales. Bloomberg reported that some data scientists from the company said on their LinkedIn profiles that they were now working for Apple on ad projects, potentially for the App Store. The App Store is part of Apple's fast-growing services segment, which provides the company a recurring stream of revenue that isn't tied to device sales. Apple shares fell 0.5% in Friday trading, though they're up 49% over the last 12 months. The Dow Jones Industrial Average , of which Apple is a component, has gained 32% in that time. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/15/2018 14:19:37

    LinkedIn Co-Founder On What Resolutions Silicon Valley Should Make For 2018

    Between sexual harassment scandals, fake ads and stronger calls for regulation, Big Tech had a rocky year in 2017. LinkedIn Co-founder and venture capitalist Reid Hoffman talks with NPR's Kelly McEvers about resolutions Silicon Valley should make in 2018.

  • 12/12/2017 15:34:34

    Amazon commuter shuttle drivers join Teamsters Union

    Commuter shuttle drivers for Amazon.com Inc. selected Teamsters Local 853 to represent them, the union said late Tuesday. Selected via a card-check agreement, where the drivers signed authorization forms or cards indicating they wish to be represented by the union, the Teamsters said about 40 drivers in the San Francisco Bay Area are contractors for WeDriveU. Local 853 represents WedDriveU drivers at tech giants in the Bay Area such as Salesforce Inc. , Microsoft Corp. unit LinkedIn and Facebook Inc. . The union said that more than 1,000 tech commuter shuttle drivers have joined the Teamsters since 2015 and drivers have seen pay increases of about 25% after unionizing. Amazon stock is down a fraction after hours to $1,164.99. Amazon shares are up 55% this year, with the S&P 500 index up 19%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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