Mar 8, 2017

Airbnb looks at taking on Craigslist


Airbnb is considering expanding into the long-term rental business to become a viable alternative to Craigslist, reports Bloomberg.

Craigslist is the dominant platform for apartments and rental properties in major cities, especially in the "sublet/temporary" category. It doesn't police listings for scams. Airbnb sees an opportunity to be the safer service that offers identity verification on listings. It has hired McKinsey & Co. to look into the market.

Larger strategy: Airbnb spent $300 million to acquire Luxury Retreats last month as part of its bid to be a full-service travel company, and it's also developing a flight-booking service. The $30 billion company is looking for new revenue streams as it matures. Yesterday, execs announced a 26-city tour to meet with hosts and local officials — a good opportunity to feel out the market for longer-term rentals.

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The pandemic shows why we're never ready for the big one

Illustration: Aïda Amer/Axios

As the confirmed number of COVID-19 cases passed 1 million on Friday, two words sum up the U.S. response to the coronavirus: not enough. Not enough hospital beds, not enough ventilators, not enough protective equipment. Not enough preparation.

Why it matters: COVID-19 has demonstrated our normal defenses aren't enough in the face of a low-probability, but high-consequence catastrophe.

U.S. coronavirus updates: New York reports record 630 deaths in 24 hours

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

New York reported 630 new deaths in 24 hours, Gov. Andrew Cuomo said Saturday — an "all-time increase" that beat the previous day's record of 562 deaths in a single day.

The big picture: As expected, COVID-19 death tolls are rising in the U.S., killing more than 7,100 people in total, and over 1,000 in 24 hours alone. The CDC is recommending Americans wear face coverings in public to help stop the spread, marking a significant change in messaging from the Trump administration.

Go deeperArrowUpdated 14 mins ago - Health

World coronavirus updates: Spain tracks more cases than Italy

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 and confirmed plus presumptive cases from the CDC

Spain overtook Italy in its number of coronavirus cases on Saturday, as the global death toll surpassed 60,000, per Johns Hopkins data.

The latest: About half the planet's population is on lockdown amid the coronavirus crisis. Fatalities are exponentially increasing across Europe, with roughly half of deaths worldwide located in Italy and Spain.

Go deeperArrowUpdated 16 mins ago - Health