Airbnb began trading Thursday on the Nasdaq at a valuation north of $100 billion, which is more than Marriott, Hilton and Expedia combined.
Axios Re:Cap digsinto the year's largest IPO, and how Airbnb has navigated a perilous year for travel and hospitality, with company co-founder and CEO Brian Chesky.
On Wednesday, both the Federal Trade Commission and a coalition of attorneys general from 48 states and territories filed lawsuits against Facebook. The two parallel sets of lawsuits accused the company of violating antitrust laws by creating a monopoly on social media, using the company's vast amount of money and data to stifle competition.
Plus, the investigation into Hunter Biden's taxes.
Facebook on Wednesday was hit with landmark antitrust lawsuits, with the Federal Trade Commission and 48 states suing to force the Big Tech giant to spin off its Instagram and WhatsApp units.
Axios Re:Cap goes deeper in a special pop-up episode, with Axios tech reporter Ashley Gold and editor Scott Rosenberg.
The market for mental wellness products and services is booming, as the pandemic has gotten on just about everyone's last nerve.
Axios Re:Cap goes deeper with Michael Acton Smith, co-founder and co-CEO of meditation app Calm, which was just valued at $2 billion. The discussion includes how mental wellness differs from mental health, the B2B of the industry and those election night ads on CNN.
Congress is getting closer to passing a stimulus bill. The focus now is on a more than $900 billion proposal that includes more unemployment benefits, money for schools and aid for small businesses. Both Republicans and Democrats seem ready to compromise, but for many small businesses it might be too little too late.
Plus, American hospitals are in a COVID-19 crisis.
And, the pandemic has expedited the streaming revolution.
