Inside Airbnb, Employees Eager for Big Payouts Pushed It to Go Public

The New York Times (NYT) (09/20/2019)
  • Airbnb employees are increasingly agitating for the startup to go public (IPO) so they can cash in on stock options and shares.
  • To keep them happy, boss Brian Chesky has offered perks including extended sabbaticals and higher retirement-matching.
  • Some tranches of employee stock-awards are set to expire (become worthless) in November 2020.
  • Since 2011, Airbnb has prohibited employees from selling shares.
  • However, some current and former employees have circumvented the rule by selling on private secondary markets or taking out loans against their shares.