May 30, 2018

Airbnb CEO says 2019 IPO "could happen"

Airbnb CEO Brian Chesky onstage at the Code Conference. Photo: Asa Mathat for Vox Media

Airbnb will be ready to go public next year, CEO Brian Chesky said Wednesday, though he's not sure it will. "I want to make sure it is a major benefit to the company if we do... It could happen," he said at the Code Conference in Palos Verdes, Calif.

Backstory: A few months ago, amid the departure of finance chief Laurence Tosi, Chesky shut down rumors that the home-sharing company was planning to go public in 2018.

Changing the ratio: Chesky said he wants to add at least one woman (its first) to Airbnb's board of directors and two or three independent members. Earlier this year, former American Express CEO Ken Chenault joined as its first independent board member.

Long road: Echoing previous comments, Chesky explained that although New York City is small in terms of business for Airbnb, the company is committed to working out its regulatory differences there, because 50,000 hosts depend on the service for additional income. And while back in 2010 he believed the issues would be resolved within a year, it's now clear that will take several more years.

Ambitions: Shedding some light on how Airbnb wants to become a full-fledged travel company, Chesky said that he wants to expand into a variety of services, from groceries to content. In some areas the company will partner with others, as it has done with restaurant reservation service Rezi. In other areas, it will build its own service.

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Mass shooting in Milwaukee: What we know so far

Milwaukee Mayor Tom Barrett in 2012. Photo: John Gress/Corbis via Getty Images

Six people died in a shooting at the Milwaukee Molson Coors brewery complex on Wednesday, including the shooter, Mayor Tom Barrett told reporters at an evening press conference with local police.

What's happening: Police said "there is no active threat" just before 6 pm ET, but noted the scene remains active. Police chief Alfonso Morales told reporters that officers have "more than 20 buildings we have to secure" at the complex and they do not currently have all employees accounted for, as more than 1,000 were at the complex during the shooting.

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Live updates: CDC confirms possible community spread of coronavirus

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

U.S. clinicians have found the novel coronavirus in a person who did not recently return from a foreign country nor have contact with a confirmed case, the CDC said Tuesday.

The big picture: COVID-19 has killed more than 2,700 people and infected over 81,000 others. By Wednesday morning, South Korea had the most cases outside China, with 1,261 infections. Europe's biggest outbreak is in Italy, where 374 cases have been confirmed.

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Trump assigns Pence to lead U.S. coronavirus response


President Trump announced at a press briefing Wednesday evening that he'll be putting Vice President Mike Pence in charge of leading the administration's response to the coronavirus.

The big picture: In the wake of a market sell-off and warnings from health officials that there's a real threat of the coronavirus spreading in the U.S., Trump sought to reassure the nation and Wall Street that the U.S. is "ready" for whatever comes next.

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