Figma tender offer values company at $12.5 billion

Dylan Field, co-founder and CEO of Figma, speaks at the startup’s Config conference in San Francisco on May 10, 2022. Figma Figma, a cloud-based design tool company, said Thursday it will allow investors, including current and former employees, to sell their shares in a tender offer that values the company at $12.5 billion. That’s up … Read more

Booming luxury travel and a jump in ‘relief’ loans

At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there’s a strong interest in microloans as cash-strapped Americans try to scrape by. That juxtaposition underscores the growing picture of bifurcation among income brackets in America. And adds to an increasingly popular view … Read more

Airbnb (ABNB) Q1 2024 earnings

In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California. Mario Tama | Getty Images Airbnb reported first-quarter results on Wednesday that beat analysts’ estimates but offered weaker-than-expected guidance. Shares fell more than 6% in extended trading. Here’s how the company … Read more

Travel companies use ChatGPT for complaints, negative online reviews

Responding to angry customers is one of the hardest parts of her job, Natasha said. Finding the right words, conveying the appropriate level of contrition — especially when the hotel isn’t at fault (read: rain complaints) — is a tedious and time-consuming process, said the director of a five-star resort, who asked that CNBC not … Read more

Earnings from Disney, Uber and Warner Bros.

CNBC’s Jim Cramer on Friday guided investors through the upcoming earnings-packed schedule on Wall Street, saying to focus on reports from companies such as Uber, Disney and Warner Bros. Discovery. Since April’s labor report was weaker than expected, he said investors can worry less about the Federal Reserve’s next move. “Now that it’s clear the … Read more

Airbnb’s new chief business officer shares his top priorities for hosts and travelers

In this photo illustration, a key is seen in front of a computer screen displaying the Airbnb logo in Ankara, Turkiye on November 22, 2023. Dilara Irem Sancar | Anadolu | Getty Images As Airbnb’s recently appointed chief business officer, Dave Stephenson is playing a crucial role in the company’s future growth plans. He’s also … Read more

Vacation home co-ownership site Pacaso adds lower-priced listings

Luxury vacation home co-ownership platform Pacaso is attempting to appeal to the masses, as it grows its business during a pricey and competitive phase of the housing market. The company, which launched in 2020 with multimillion-dollar homes listed for co-ownership, is now introducing thousands more listings with share prices starting as low as $200,000. Previously, … Read more

Big week for tech IPOs like Reddit boosts Morgan Stanley after lull

The New York Stock Exchange welcomes Reddit, Inc. (NYSE: RDDT) to celebrate its initial public offering. To honor the occasion, Snoo, rings the Opening Bell®. NYSE Wall Street’s tech IPO bankers may finally have a reason to break out the champagne after an extended drought was broken up this week with the market debuts of … Read more

Redditors bank millions as a group on stock’s opening day

Reddit power users who participated in the company’s IPO made millions of dollars as a group in profits after the stock’s big jump in its first day on the market. While Redditors interviewed by CNBC ahead of the offering said they were skipping out on the IPO due to concerns about the business and the … Read more

Sam Altman’s Reddit stake worth over $600 million after NYSE debut

Reddit mascot Snoo is seen on the floor of the New York Stock Exchange (NYSE) as Reddit begins trading in New York on March 21, 2024.  Timothy A. Clary | AFP | Getty Images OpenAI CEO Sam Altman says he has no equity in the $80 billion artificial intelligence startup he co-founded in 2015. His … Read more