 AirBnB Airbnb released its Q4 and full-year earnings on Tuesday after market close, beating analysts’ expectations on earnings and revenue. The company reported Q4 revenue of $1.53B, a ~78% increase YoY. Q4 net income came in at $55M, or 8 cents a share, marking its first Q4 profit. Full-year revenue was $6B, a ~76% increase YoY, and narrowed its losses to $352M, down from $4.6B reported in 2020. More: - The company reported 73.4 million nights and experiences booked in Q4, an 8% increase from Q3.
- As of the end of January, the company said it had over 25% more nights booked for the 2022 summer travel season compared to 2019.
- The company reported 22% of its gross nights booked in Q4 were extended stays, stays of one week or more.
- Airbnb expects Q1 2022 revenue to fall between $1.41B and $1.48B.
- Following the release, Airbnb shares rose 4% in aftermarket trading. It closed at $180.07 a share, up ~6% for the day.
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According to a securities filing, Tesla CEO Elon Musk donated about $5.7B worth of Tesla shares to charity in 2021. Musk donated the 5,044,000 shares last November, during the time he sold over $16B worth of Tesla shares. The donation puts Musk as the second biggest donor in 2021, after Bill and Melinda Gates. The names of the charities were not disclosed. Musk also converted about 22.9 million vested stock options into shares in 2021. More: - In 2012, Musk signed the giving pledge, promising to donate most of his wealth to charity.
- Musk founded the Musk Foundation in 2002, which gives grants to organizations that support research on renewable energy and human space exploration.
- In March, Musk tweeted he was donating $20M to schools in Cameron County, Texas, the home of SpaceX’s Boca Chica launch site.
- Musk also tweeted he was donating $10M to the city of Brownsville, Texas, for downtown revitalization.
In related news: - California’s Department of Fair Employment and Housing filed a lawsuit against Tesla last Wednesday, accusing the EV maker of alleged racial discrimination and harassment.
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 The deputy governor of India's central bank, the Reserve Bank of India (RBI), likened cryptocurrencies to a Ponzi scheme. During a banking conference, T. Rabi Sankar told an audience that cryptocurrencies were created to bypass the regulated financial system and are not backed by any underlying cash flow. Sankar's remarks come as India is considering recognizing the digital assets as legal tender. More: - Earlier this month, Indian Finance Minister Nirmala Sitharaman proposed a 30% tax on income accrued from the transfer of cryptocurrencies and NFTs.
- According to data from research firm Chainalysis, India has the second-highest adoption rate for cryptocurrency investments.
- In March 2020, India reversed a ban on cryptocurrency trading it imposed two years prior.
- At the banking conference, Sankar warned that cryptocurrencies could wreck the currency system, the banking system, the central bank's monetary authority, and in general, the government's ability to control the economy.
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Virgin Galactic, Richard Branson’s space tourism company, announced it will start selling tickets for its commercial spaceflights to the public starting Wednesday. The company is offering three sales options: an individual ticket; a couples, friends, or family package; and a chance to book the entire flight. Ticket prices start at $450,000 each and requires a $150,000 initial deposit, of which $25,000 is non-refundable. More: - Virgin already has about 600 reservations for tickets for its commercial flights. Those tickets were sold for between $200,000 and $250,000.
- The company also said it will update its logo, replacing the iris of its founder Branson with a purple outline of its spacecraft.
- On the news, Virgin stock jumped ~20% by mid-morning trading. It closed $10.77 a share, up ~32% for the day.
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 A message from PASSBASE ~60M Americans have been affected by identity theft and fraudsters are only getting more advanced. In fact, as more business has moved online throughout the Covid-19 pandemic, cybercrime has increased 600% – whoa! That’s why it’s become even more critical for companies to have scalable KYC programs that can distinguish real users from bad actors. Our favorite resource on the topic is the latest e-book from Passbase that unpacks top approaches to fight fraud and protect customers without compromising on user experience. Their New Identity Playbook covers: - How identity verification (IDV) has evolved from passwords and one-time database checks to today’s modern technologies
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Marriott International reported its Q4 earnings on Tuesday, beating analysts’ expectations on revenue and earnings. The hospitality chain reported Q4 revenue of $4.45B, a 105% increase YoY. Net income came in at $468M, or $1.42 a share, up from a loss of $164M reported a year earlier. Marriott reported a 23% increase in systemwide occupancy YoY, but still 12% below pre-pandemic levels. More: - Marriott added over 86,000 rooms worldwide, up 4% YoY. Q4 global RevPAR was $90.86, a 125% increase YoY.
- The company expects FY 2022 general, administrative, and other expenses to fall between $860M and $880M.
- Following the report, Marriot shares rose 5%. It closed at $181.20 a share, up about 6% for the day.
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Intel has agreed to acquire Israeli chip company Tower Semiconductor for $6B. The chipmaker will pay $53 a share for Tower, a 60% premium on the company’s closing price on Monday. The purchase is part of Intel’s strategy to build up its foundry business. Tower makes semiconductors and circuits used in consumer products, cars, medical and industrial equipment. The company has factories in Israel, the U.S., and Japan. More: - The semiconductor industry is on pace to become a $1T business.
- Intel plans to invest about $20B in a new chip manufacturing facility in Ohio.
- The deal is still subject to regulatory approval from various jurisdictions, including China.
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- Over 112 million viewers tuned in to watch Super Bowl LVI across TV and streaming on Sunday. The record is still held by the 2015 Super Bowl, where about 114 million viewers tuned in.
- Prince Andrew has settled the New York federal lawsuit against him brought by Virginia Giuffre. Giuffre claimed the prince sexually assaulted her at various locations, urged on by Jeffrey Epstein and Ghislaine Maxwell.
- The families of the 2012 Sandy Hook school shooting victims reached a $73M settlement with rifle maker Remington. As part of the settlement, the families will release internal company documents that prove Remington’s wrongdoing.
- Robert Califf has been confirmed by the Senate in a 50 to 46 vote as the new head of the Food and Drug Administration.
- Actor Zachary Horwitz was sentenced to 20 years in prison and ordered to pay over $230M in restitution to victims for a $650M Ponzi scheme.
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 |  | Vanessa Omeokachie is a Researcher at Inside. Her interests include finance, tech, and startups. In her free time, she enjoys reading, hiking, attending music festivals, and traveling. Connect with her on Twitter @Ms_Omeo. |  | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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