Airbnb isn't public. Yet.
The company announced that it plans on going public sometime in 2020.
Thursday night, the CEO of Airbnb--Brian Chesky--spoke to Andrew Ross Sorkin of The New York Times about a new decision that the company is making.
Airbnb will launch "stakeholder days" for customers, hosts, and even employees.
“I don’t want to be one of those CEOs to say we’re trying to do all this great stuff, but then we treat board meetings exactly like every other board meeting,” Chesky told The New York Times.
Airbnb broke down its plans in a public release Friday, Jan. 17.
"The stakeholders who make up the Airbnb community are Guests, Hosts, Communities, Shareholders, and Employees. The design challenge is to create a company that considers the needs of all stakeholders. Hosts provide guests with unique, authentic experiences so they feel like they belong, and Communities are where our business takes place. Unique and authentic, community-based experiences inspire people to want to travel. Finally, our Employees and Shareholders help power this work and grow this incredible community," the company wrote on its website.
So, what does this move mean for Airbnb when it does go public? And what does it mean for companies such as Lyft (LYFT) - Get Report and Uber (UBER) - Get Report? Is this something we're going to see more and more of?
Jeff Marks, senior portfolio analyst with Action Alerts PLUS, weighed in on the decision.
Watch the video above for more.
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