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Airbnb rakes in more than $1 billion in revenue during Q3

Photo: Joel Saget/AFP via Getty Images

Airbnb booked more than $1 billion in revenue during the third quarter of 2018, the company said Friday, marking the company's strongest quarter since its founding in 2008, CNBC reports.

Why it matters: This is the first time Airbnb has publicly shared a snapshot of its revenue, according to CNBC, and comes as the company is headed for an IPO, expected next year.

Go deeper

Lachlan Markay
6 mins ago - Politics & Policy

GOP research firm aims to hobble Biden nominees

Alejandro Mayorkas. Photo: Joshua Roberts/AFP via Getty Images

The Republican-aligned opposition research group America Rising is doing all it can to prevent President Biden from seating his top Cabinet picks.

Why it matters: After former President Trump inhibited the transition, Biden is hoping the Republican minority in Congress will cooperate with getting his team in place. Biden hadn't even been sworn in when America Rising began blasting opposition research to reporters targeting Janet Yellen and Alejandro Mayorkas.

Go deeper (1 min. read)Arrow
Hans Nichols, author of Sneak Peek
1 hour ago - Politics & Policy

Jen Psaki: "With that I’d love to take your questions”

In her inaugural briefing as White House press secretary, Jen Psaki said she has a “deep respect for the role of a free and independent press in our democracy,” and pledged to hold daily briefings.

Why it matters: Conferences with the press secretary in the James S. Brady Press Briefing Room became almost non-existent under the Trump administration. By sending Psaki to the podium hours after President Biden took the oath of office, the White House signaled a return to pre-Trump norms.

Go deeper (1 min. read)Arrow
Ursula Perano
2 hours ago - Politics & Policy

Avril Haines confirmed as director of national intelligence

Haines. Photo: Joe Raedle/Getty Image

Avril Haines was quickly confirmed by the Senate on Wednesday as the director of national intelligence (DNI) in a vote of 84-10.

Why it matters: Haines is the first of President Biden's nominees to receive a full Senate confirmation and she will be the first woman to serve as DNI. She's previously served as CIA deputy director from 2013 to 2015 and deputy national security adviser from 2015 to 2017.

Go deeper (1 min. read)Arrow