Evidence receipt / commitment
Published · transcript-backedDavid Rosenthal: commitment
11 Dec 2020 Acquired Airbnb
“Yup. And also, everybody would just like some liquidity, I will assume here, not to mention.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- commitment
- Recorded
- 11 Dec 2020
- Publisher
- Acquired
- Episode
- Airbnb
Transcript context
…You’ve definitely got shareholders looking for liquidity on the investor side, but you also have these employees that have some form of expiring options or, at the very least, if you try and restructure that then there are tax implications. Yup. And also, everybody would just like some liquidity, I will assume here, not to mention. They announced they’re going to go public and then COVID happens in March 2020. Overnight, the business evaporates. Not just evaporates, we talked about the huge benefit of Airbnb’s cash flow cycle when you’re growing. When you’re shrinking that really hits you. This is crazy. In March and April of 2020, Airbnb’s gross booking values turned negative. Is that because of refunds?…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.