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Photo illustration: Axios Visuals

Airbnb will not go public in 2018, according to a statement from CEO Brian Chesky. The news came within an announcement that chief financial officer Laurence Tosi is leaving the home-sharing juggernaut, while legal and business officer Belinda Johnson will become chief operating officer.

Why it matters: Airbnb seemed poised to break Silicon Valley's "unicorn" IPO drought, following last week's addition of outgoing American Express CEO Ken Chenault as an independent director and news that the company will soon release its first "annual stakeholder report."

Tosi is said to have been at odds with Chesky over both business priorities and influence at Airbnb, and is expected to focus on his own investment firm for now.

Airbnb has hired executive search firm Crist Kolder Associates to find a CFO replacement, while current executive Ellie Mertz will serve as interim head of finance.

The company is also said to be searching for yet another board director who also could chair its audit committee.

Airbnb, which had been looking for a COO before promoting Johnson, tells Axios it won't backfill her previous job because of a recent company reorganization that created four business units: homes, trips, luxury, and China.

Go deeper

Miriam Kramer, author of Space
13 mins ago - Science

Biden's military space future

Illustration: Eniola Odetunde/Axios

President-elect Joe Biden should anticipate major and minor conflicts in space from even the earliest days of his presidency.

The big picture: President Donald Trump's military and civil space policies are well-documented, but Biden's record and views on space are less clear.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus may have been in U.S. in December 2019, study finds — Hospital crisis deepens as holiday season nears.
  2. Politics: Bipartisan group of senators unveil $908 billion COVID stimulus proposalFDA chief was called to West Wing to explain why agency hasn't moved faster on vaccine — The words that actually persuade people on the pandemic
  3. Vaccine: Moderna to file for FDA emergency use authorizationVaccinating rural America won't be easy — Being last in the vaccine queue is young people's next big COVID test.
  4. States: Cuomo orders emergency hospital protocols as New York's COVID capacity dwindles.
  5. World: European regulators to assess first COVID-19 vaccine by Dec. 29
  6. 🎧 Podcast: The state of play of the top vaccines.

Bipartisan group of senators unveils $908 billion COVID stimulus proposal

Sens. Joe Manchin (D-W.Va.) and Susan Collins (R-Maine) in the Capitol in 2018. Photo: Tom Williams/CQ Roll Call

A bipartisan group of senators on Tuesday proposed a $908 billion coronavirus stimulus package, in one of the few concrete steps toward COVID relief made by Congress in several months.

Why it matters: Recent data shows that the economic recovery is floundering as coronavirus cases surge and hospitals threaten to be overwhelmed heading into what is likely to be a grim winter.