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10 things you need to know before the opening bell

24 days ago   |   By Business Insider

Here is what you need to know.
1. Airbnb CEO Brian Chesky said that WeWork's IPO fiasco has given tech companies a lesson in responsibility. Chesky, who unsurprisingly tried to make a distinction between the two companies, said WeWork was "a growing-up experience for a lot of founders." 2. Trump's tariffs will 'scorch' growth in 2020 and job losses are likely, says UBS. The Swiss bank expects GDP growth to average at 1.1% in 2020.
3. Goldman Sachs will let people appeal their Apple Card credit limit after allegations of sexist algorithms. Retail bank CEO Carey Halio said customers will be...
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Airbnb CEO Brian Chesky is preparing to IPO next year. Here are 2 lessons he learned from the WeWork fiasco

Airbnb CEO Brian Chesky is preparing to IPO next year. Here are 2 lessons he learned from the WeWork fiasco

24 days ago   |   By Business Insider

WeWork's IPO fiasco showed tech companies exist on a spectrum and underlined cofounder and CEO Adam Neumann's lack of preparation, Airbnb CEO Brian Chesky said at the New York Times DealBook Conference last week .
Chesky, who plans to take his home-rental platform public next year, highlighted WeWork's slim profit margins and suggested Neumann wasn't ready for all the attention and responsibility.
"We're all realizing we have a significant amount more responsibility," Chesky said. "It's a growing up experience for a lot of founders."
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