Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
Inman
In the face of plummeting booking requests due to shelter-at-home orders, Airbnb CEO Brian Chesky is pulling out all the stops to help the company weather a drop in revenue and avoid layoffs.
TechCrunch
Meetup, the social networking platform designed to connect people in person, is being spun out from shared office space provider WeWork, the company confirmed on Monday. The site is being sold to AlleyCorp and other private investors for an undisclosed sum, but one that’s reportedly far less than the $156 million acquisition price WeWork paid for the social network back in 2017….
PlaceTech.
Penicillin, radar, synthetic fibre and the aerosol can: these are just four of many life changing inventions that were born from fighting the Second World War, and a reminder that, as a species, we’re often at our most resourceful when our backs are against the wall.
CBRE
To join CBRE & Openpath’s webinar “Surviving vs Thriving Part III: Beyond Rent Relief – 5 Decisions Tenants Can Make NOW To Be Ready”. Once we receive your RSVP, you will be given access to the webinar information.
Crunchbase
Over the past three years, I’ve been reporting on how the startup scene in Austin is booming. Record funding in 2019. New unicorns being born. More outside investors putting money into the market….
Crunchbase
As COVID-19 spreads across the world, hospitals have become ground zero for the virus. It can be challenging for all the surfaces in a hospital room to be thoroughly disinfected when that room is being cleaned and prepared for the next patient. This poses obvious health risks, especially during a pandemic.
TechCrunch
Airbnb is committing $250 million to put toward hosts who have been impacted by COVID-19. That means if a guest cancels a reservation for check-in between March 14 and May 31 due to a COVID-19-related reason, Airbnb will pay the host 25% of what they would normally receive through their cancellation policy. Airbnb says this policy will apply retroactively to all cancellations during that period….
The Real Deal
Once again, Airbnb is in damage control. After facing backlash from hosts for changing its cancellation policy in response to Covid-19 — offering guests full refunds without penalties — the startup’s CEO has announced a relief package and issued an apology.
Wall Street Journal
Exor NV, the holding company of Italy’s Agnelli family, is investing in ride-share company Via Transportation Inc. that would mark its first big foray into the technology sector.
MRI Software
The impact the COVID-19 virus is having on the commercial real estate sector is immense. We recently looked at how the pandemic is specifically affecting retail landlords and tenants, as they struggle in the face of self-isolation, social distancing and regional lockdowns.
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