How Should Airbnb and Booking Spend Their Billions?


First Things

This week Executive Editor Dennis Schaal stepped back from the earnings buzzsaw that has been the last month and took a longer look at three brands he covers a lot: Airbnb, Expedia, and Booking. In the case of Airbnb, he looked at what it and Booking may do with their piles of cash, as well as what it should expect from Expedia's Vrbo. These are two stories that would not have been possible to write this time last year when Airbnb didn't have a year behind it as a public company.

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