Airbnb says it will subsidize housing for 100,000 workers at the front lines of COVID-19 care, Groupon gets a new CEO and Stripe invests in a universal checkout startup. Here’s your Daily Crunch for March 26, 2020.
1. Airbnb to provide free or subsidized housing for 100,000 COVID-19 healthcare workers
Airbnb’s effort will work by allowing Hosts on its platform to opt-in to making their space available, with any fees that Airbnb would normally charge for using its platform waived for those who participate. The program will include new protocols around cleanliness that are designed to keep spaces safe for those workers who use it, and Airbnb will be working with the Red Cross, the International Rescue Committee, the International Medical Corps and other non-profit groups to help allocate space where it’s needed most.
Airbnb also has a fund established for those who want to provide monetary support, with 100 percent of all proceeds going to nonprofits working on COVID-19 relief.
2. Groupon axes CEO and COO as company looks to mount a recovery during a crisis
While plenty of tech stocks have seen their market caps dive in the past month, Groupon has taken a harder hit than most — the company’s …read more