Airbnb’s WeWork problem

Airbnb may be another overvalued “unicorn,” but it’s no WeWork. The Information this morning reported new Airbnb financials — indicating a massive increase in operating losses — that immediately call Airbnb’s future into question. Precisely, Airbnb lost $306 million on operations on $839 million in revenue, namely as a result of marketing spend, in the first quarter of 2019. In total, Airbnb invested $367 million in sales and marketing, representing a 58% increase year-over-year, in Q1. The company is gearing up for a major liquidity event next year and is making a concerted effort to rake in new customers, as any soon-to-be-public business would. Given WeWork’s sudden demise, coupled with… Read More

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Airbnb’s WeWork problem

Airbnb may be another overvalued “unicorn,” but it’s no WeWork. The Information this morning reported new Airbnb financials — indicating a massive increase in operating losses — that immediately call Airbnb’s future into question. Precisely, Airbnb lost $306 million on operations on $839 million in revenue, namely as a result of marketing spend, in the first quarter of 2019. In total, Airbnb invested $367 million in sales and marketing, representing a 58% increase year-over-year, in Q1. The company is gearing up for a major liquidity event next year and is making a concerted effort to rake in new customers, as any soon-to-be-public business would. Given WeWork’s sudden demise, coupled with… Read More

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Samsung’s Galaxy Fold 2 could arrive as soon as April 2020

Samsung’s first folding smartphone was announced in February 2019 alongside the Galaxy S10 range, but durability problems sent the Galaxy Fold back to drawing board. However, even before its revised version in September was announced, the grapevine began reporting on a second folding phone from the South Korean electronics giant. We’ve already heard reports of the yet-to-be named Galaxy Fold 2 coming with a smaller screen size than the current Fold with a clamshell-like design resembling flip phones. Now, it seems Samsung has decided on another change to the Fold 2’s display, according to a fresh report from Korean publication ETNews. It’s possible that Samsung might replace the current transparent… Read More

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HERstory: One giant leap for womenkind

By Marcia Dunn | Associated Press CAPE CANAVERAL, Fla. — Men have floated out the hatch on all 420 spacewalks conducted over the past half-century. That changes Friday with spacewalk No. 421. NASA astronauts Christina Koch and Jessica Meir will make “HERstory,” as NASA is calling it, with the first all-female spacewalk. All four men aboard the International Space Station will remain inside, as Koch and Meir go out to replace a broken battery charger. The battery charger failed after Koch and a male crewmate installed new batteries outside the space station last week. NASA put the remaining battery replacements on hold to fix the problem and moved up the… Read More

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Nintendo’s Switch leads console sales in U.S. for 10th straight month

Nintendo today released sales figures for the Switch, and it should really not come as a huge surprise to know that it’s surpassed 15 million units sold in North America alone. That means Nintendo’s hybrid console is dominating its two main competitors, the PS4 and the Xbox One. According to the NPD Group, a market research company, the Switch has been the top-selling video game console in U.S. for 10 months now. The sales figures are probably bolstered by the release of the Switch Lite, a handheld-only version of the game released earlier this year. Mat Piscatella, games industry analyst… This story continues at The Next Web Or just read… Read More

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