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Washington, D.C. Morning Brief Washington DC

Washington, D.C. Morning Brief

February 5, 2018 Bisnow

Airbnb CFO Resigns, Delaying IPO

Airbnb Chief Financial Officer Laurence Tosi has left the company, and the short-term rental company will not go public in 2018. Tosi’s departure follows months of tension while Airbnb co-founder and CEO Brian Chesky was considering candidates for its first chief operating officer. On Monday, Chesky promoted longtime executive Belinda Johnson to the position. San Francisco-based Airbnb, which is valued at $31B, has been profitable since last year under Tosi’s leadership, and had been expected to issue its IPO this year.

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15 Things You Need to Know This Morning

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