Airbnb cancels all DC bookings during inauguration week – TechCrunch
Airbnb takes big step to avoid violence at launch, Intel has a new CEO, and Affirm goes public. This is your Daily Crunch for January 13, 2021.
The big story: Airbnb cancels all DC bookings during inauguration week
Airbnb said today that “in response to various local, state and federal officials asking people not to travel to Washington, DC,” it will cancel all reservations in the region for next week, which is President-elect Joe Biden’s inauguration week. This will also apply to all bookings on HotelTonight, owned by Airbnb.
The company had already said that it ban anyone involved in the riot last week in the United States Capitol, but he’s now taking a much more aggressive step to avoid housing anyone who might have violent plans at the grand opening.
They also said that guests will receive a full refund, while hosts will still receive full compensation for these bookings.
The giants of technology
Pat Gelsinger steps down as VMware CEO to replace Bob Swan at Intel – Gelsinger would replace interim Intel CEO Bob Swan on February 15.
Double Affirm After Starting Trading Despite High IPO Prices – Affirm’s explosive start follows similarly strong results from DoorDash, C3.ai and Airbnb.
Apple announces new plans related to its $ 100 million pledge to racial equity and justice – To begin with, the company will contribute $ 25 million to the Propel Center, a center of innovation and learning for historically black colleges and universities.
Startups, financing and venture capital
Rapyd raises $ 300 million on $ 2.5 billion valuation to bolster its fintech-as-a-service API – Rapyd’s clientele now numbers around 5,000 companies.
Flo receives slap in the face from FTC for sharing user data as she pledged privacy – The FTC has struck a deal with Flo, a period and fertility tracker app with more than 100 million users.
Ecommerce Optimization Startup Tradeswell Raises $ 15.5 Million – The main objective is to enable e-commerce companies to improve their net margins.
Advice and analysis from Extra Crunch
Venture capitalists respond to collapse of Visa-Plaid deal – The dominant sentiment seems to be: “Congratulations, you are no longer selling your business for billions of dollars!
Will startup valuations change given growing antitrust concerns? – Even a few smoke signals are enough to start causing concern.
Dear Sophie: What is the new minimum wage required for H-1B visa applicants? – The latest edition of “Dear Sophie”, the advice column that answers questions related to immigration on working in technology companies.
These robot-fishes form schools autonomously and function as research teams – Researchers at Harvard’s Wyss Institute for Biologically Inspired Engineering have created a set of fish-shaped underwater robots that can navigate autonomously and find themselves.
Survey: Help shape the future of TechCrunch – We’re always looking to make TechCrunch better, and part of that is regularly collecting feedback from the people who matter most: you!
The Daily Crunch is TechCrunch’s summary of our most important and important stories. If you’d like to have it delivered to your inbox every day around 3 p.m. PT, you can subscribe here.