Post by High Priestess on Oct 5, 2015 0:39:56 GMT
Peter shared August 2015
Airbnb hires Blackstone CFO Tosi
"Tosi's appointment, however, would better
position the company to go public. The 47-year-old executive joined
Blackstone in 2008, one year after the private equity firm went public.
He would replace Andrew Swain, who left Airbnb last September."
Click here reut.rs/1Or8Uhr for Reuters article.
Kevin:
What will be the consequences of going public? I am concerned that if that happen it may kill the spirit of "global community building"
Tom:
Personally, I think it might be OK as long as there are competitors. I would prefer if Airbnb was kept private. I think the main concern is the potential exodus of staff. What will be the host experience be then? Would San Francisco even matter to them if there were limitations? Enjoy the ride while it lasts.
Peter:
The danger of going public is that the company is under quarterly pressure to show profits or growth. This hampers long-term strategies that must be sacrificed for short-term gains. I'm sure Airbnb is smart enough to weigh these factors in considering whether or not to go public and to know that it is short-sighted to sacrifice it's strongly held corporate ethical standards for short-term profits. They know better than to kill the goose that lays the golden eggs. On the other hand, when privately held stock start to be extensively traded in the private market, there's increased regulatory pressure to go public. Airbnb may be close to that point now. Having exactly zero number of Airbnb shares ... meh (shrugs shoulders).
Airbnb hires Blackstone CFO Tosi
"Tosi's appointment, however, would better
position the company to go public. The 47-year-old executive joined
Blackstone in 2008, one year after the private equity firm went public.
He would replace Andrew Swain, who left Airbnb last September."
Click here reut.rs/1Or8Uhr for Reuters article.
Kevin:
What will be the consequences of going public? I am concerned that if that happen it may kill the spirit of "global community building"
Tom:
Personally, I think it might be OK as long as there are competitors. I would prefer if Airbnb was kept private. I think the main concern is the potential exodus of staff. What will be the host experience be then? Would San Francisco even matter to them if there were limitations? Enjoy the ride while it lasts.
Peter:
The danger of going public is that the company is under quarterly pressure to show profits or growth. This hampers long-term strategies that must be sacrificed for short-term gains. I'm sure Airbnb is smart enough to weigh these factors in considering whether or not to go public and to know that it is short-sighted to sacrifice it's strongly held corporate ethical standards for short-term profits. They know better than to kill the goose that lays the golden eggs. On the other hand, when privately held stock start to be extensively traded in the private market, there's increased regulatory pressure to go public. Airbnb may be close to that point now. Having exactly zero number of Airbnb shares ... meh (shrugs shoulders).