Airbnb did cut its workforce by 25% (almost 2,000 employees), and reduced its investments in Airbnb Luxe.
WeWork laid off around 300 employees (the number is still unofficial), mainly in the tech and development team.
With traffic dropping day after day, Trivago notified investors that it is making changes to its organizational setup, involving a “significant” number of layoffs.
Both Delta and Alaska Airlines have officially announced they are blocking middle seats on flights, and some low-cost carriers (such as Spirit Airlines) have started implementing this new policy as well.
FDA approved a coronavirus vaccine, created by American biotech company, Moderna, for phase II trial. Phase III trial is expected this summer.
Sabre CEO, Sean Menke, announced that the Sabre and Farelogix merger deal is officially off. “We continue to believe,” Menke commented, “that the transaction was not anti-competitive, a result confirmed by the U.S. federal district court’s decision in Sabre’s favor.”
Apartment rental company, Frontdesk, landed a $6.8M Series A round of funding.
Facebook launched Messenger Rooms. The new video chat service can be used to up to 50 people simultaneously, and, currently, only runs on Messenger, but the company is planning to implement it on Instagram, and WhatsApp as well.
Expedia Vice Chairman, Peter Kern, is now officially the company’s CEO.
Yesterday, my favorite podcaster (Joe Rogan) interviewed my favorite human being (Elon Musk) for the second time. A lot of insights on Neuralink, some Tesla news, and probably the most honest take on COVID-19 I’ve heard so far.