Tag Archive: Airbnb


Record 290 Newcomers Join Forbes Billionaires List, Including Michael Jordan

 

 

 

 

 

” A record 290 newcomers joined the Forbes billionaires list in the last year as world markets defied international turmoil. While wars, diseases and currency crises made headlines, tycoons from every continent but Antarctica managed to mint new 10-figure fortunes.

  Nearly 25% of this year’s first-time billionaires hail from China, which produced a world-leading 71 newcomers. The United States came in second, with 57, followed by India, with 28, and Germany, with 23.

  The most famous rookie on the billionaires list? Michael Jordan, arguably the greatest basketball player of all time and indisputably the best-paid athlete of all time. Forbes first outed Jordan as a billionaire last June. Most of his cash comes from Nike payouts on his iconic brand. The Jordan brand grossed an estimated $2.25 billion in 2013, earning his Airness some $90 million. But his most valuable asset is his stake in the Charlotte Hornets, worth more than $500 million. When ex-Microsoft MSFT +0.07% CEO Steve Ballmer bought the Los Angeles Clippers for a stunning $2 billion, values of all NBA teams skyrocketed, creating three new billionaires. Jordan’s old boss Jerry Reinsdorf, owner of the Chicago Bulls, joined the list with a fortune of $1.3 billion, and Houston Rockets owner Leslie Alexander boosted his net worth to $1.6 billion.

  Aside from Jordan, the Silicon Valley kids are the stars of the incoming class. Garrett Camp, Travis Kalanick and Ryan Graves, the trio of early Uber members, have seen plenty of bad publicity over the last year. India temporarily banned their service, Spain shut it down entirely, and an Uber executive brought on a torrent of criticism when he suggested digging up dirt on the personal lives of journalists. None of the news has scared away investors, who have put over $4 billion into the company already, valuing it at $41.2 billion. Camp and Kalanick are now worth an estimated $5.3 billion, and first-employee Graves is worth $1.4 billion.

  Brian Chesky, Nathan Blecharczyk and Joe Gebbia, the three Airbnb creators, are also facing regulatory concerns, with their couch-crashing business coming up against legal issues in New York City. No matter: The company has 1 million listings for places to stay and is worth more than Hyatt Hotels. Each of the cofounders have $1.9 billion fortunes.

  The youngest newcomers to the list are Bobby Murphy and Evan Spiegel, the Snapchat founders who brazenly turned down $3 billion in cash from Facebook’s Mark Zuckerberg for their disappearing photo app in 2013. Smart move: Snapchat is now reportedly getting offers that would value the company at $19 billion, and Forbes estimates Murphy and Spiegel are worth $1.5 billion apiece.”

 

 

    Read more at Forbes and see the entire list of new billionaires here . For some the Obama economy is booming , just not for us peons .

 

 

 

 

 

 

 

 

 

 

 

 

How To Protect Yourself From The Heartbleed Bug

” An encryption flaw called the Heartbleed bug that has exposed a collection of popular websites — from Airbnb and Yahoo to NASA and OKCupid — could be one of the biggest security threats the Internet has ever seen. If you have logged into any of the affected sites over the past two years, your account information could be compromised, allowing cybercriminals to snap up your credit card information or steal your passwords.

  You’re likely either affected directly or indirectly by the bug, which was found by a member of Google‘s security team and a software firm named Codenomicon. The bad news: There’s not a lot you can do about it now. It’s the responsibility of Internet companies to update their servers to deal with Heartbleed, and once they do, you can take action (see below).

The issue involves network software called OpenSSL, which is an open-source set of libraries for encrypting online services. Secure websites — with “https” in the URL (“s” stands for secure) — make up 56% of websites, and nearly half of those sites were vulnerable to the bug. In theory, a cybercriminal could have exploited Heartbleed by making network requests that could piece together your sensitive data. The good news: There isn’t any indication that a hacker caught wind of this; it seems the researchers were the first to locate the problem.”

Read more at Mashable and learn how to save your data

New York’s Petty War On Airbnb

 

 

 

 

“Huddled masses yearning to breathe free” isn’t the first phrase that comes to mind when describing tourists in 21st century New York City booking stays through Airbnb, the wildly popular website connecting residents wanting to pick up some extra cash with out-of-towners looking for cheap alternatives to a traditional hotel. Although the terms and conditions have changed, the commercial impulse is much the same. Take a twenty-something couple named Lauren and Rob, who asked that I not reveal their last names because of the legal issues surrounding Airbnb. They moved to the Big Apple to make it in showbiz. Struggling to make ends meet, they now cover about half the cost of their $2,250-a-month Manhattan apartment by renting out their living room couch for $65 a night.

But unlike New York of a century ago, when capitalist transactions between consenting adults were generally allowed, the government has been waging war on the short-term rental business. A new front just opened that might ultimately drive many of New York City’s roughly 15,000 resident users to quit Airbnb. Last Friday, New York State Attorney General Eric Schneiderman issued a subpoena demanding that the company hand over a spreadsheet listing all its hosts statewide, their addresses, the dates and durations of their bookings, and the revenue these bookings have generated. News of the subpoena was chilling for many of the people whose names will appear on that list because they’ve been using Airbnb in violation of the law (more on the legality of Airbnb in a moment). Seth, a Manhattan lawyer who started hosting short-term rentals of his Upper East Studio during a period when he was out of work, says he’ll probably quit as soon as his lease is up. “The subpoena is scary,” he says, fearing he’ll have to hire a lawyer and pay a big fine.”