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TIP503: The Story of Airbnb and Brian Chesky
We Study Billionaires - The Investor’s Podcast Network
The Growth of Airbnb and the Growth of the Company
Airbnb went public on December 10, 2020 and the stock went up 112% on its first day of trading. CEO Chesky saw many once mighty tech giants stick too close to their core product and become irrelevant over time. He studied the likes of Google, Apple, and Amazon and came to the conclusion that the survival of a tech company depends on a willingness to branch into new categories. The founders all signed the giving pledge as they've come to terms with the kind of responsibility that comes with the massive wealth they've accumulated.
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