Airbnb co-founder: We’ve learned to avoid a ‘confrontational kind of stance’ with regulators

With fellow “sharing economy” company Uber under fire, Airbnb co-founder Nathan Blecharczyk said his company is trying to maintain positive relationships with regulators. When asked if he was following the management mishaps at Uber, Blecharczyk noted that Airbnb has “very good partnerships” with lots of cities. “I think we’ve always thought that it’s important to […]


Disney earnings up but ESPN struggles continue

Disney reported higher second-quarter profit Tuesday despite lower earnings at its ESPN sports network, which has been under pressure with the rise of online streaming. Net income for the quarter ending April 1 came in at $2.4 billion, up 11.4 percent from the year-ago period. Revenues were $13.3 billion, up 2.8 percent. Strong points included […]


Hertz shares plunge 18% after first-quarter loss nearly doubles Wall Street estimate

Hertz Global stock tumbled Tuesday, a day after the car rental company reported a bigger-than-expected earnings loss and revenue that fell below analysts’ estimates. Lower rental prices and lower resale value for its used vehicles crimped the earnings report. Shares of the stock closed down more than 14 percent during Tuesday, as investors digested the […]