Photo Illustration: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Airbnb, the company whose brand is synonymous with budget-friendly home-sharing accommodation for travelers, is debuting a luxury rental tier on its marketplace, it told the New York Times Tuesday. The 2,000 properties have been selected from Luxury Retreats, which Airbnb acquired in 2017.

By the numbers: Airbnb saw a 60% increase in the past year in bookings that cost $1,000 or more a night (though it's unclear what portion of the company's overall business they make up).

Go deeper: Airbnb wants to go mainstream

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The crushing budget blow awaiting state and local government workers

Illustration: Eniola Odetunde/Axios

State and local government jobs are being gutted, even as the labor market shows signs of a slight recovery.

Why it matters: The coronavirus pandemic blew a hole in state and local government budgets. A slew of states cut spending and jobs — with more planned layoffs announced this week as states try to balance budgets.

As boycott grows, Facebook juggles rights groups and advertisers

Illustration: Aïda Amer/Axios

As an advertiser boycott of Facebook over its tolerance of hate speech continues to snowball, the company has begun making small, incremental changes to mollify activists while it tries to buy time to evolve its content policies.

Driving the news: Sources tell Axios that the product and policy changes sought by the #StopHateForProfit campaign were long under discussion both inside Facebook and with some external groups. Meanwhile, CEO Mark Zuckerberg has reportedly told employees that the boycotting advertisers will be back before long.

Replacing the nursing home

Illustration: Sarah Grillo/Axios

Nursing homes have been the epicenter of the coronavirus outbreak, prompting more urgent discussions about alternative housing situations for elderly Americans.

Why it matters: Deaths in nursing homes and residential care facilities account for 45% of COVID-19 related deaths, per the Foundation for Research on Equal Opportunity — but there are few other viable housing options for seniors.