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WSJ Tech News Briefing

TNB Tech Minute: Airbnb Looks to Expand Beyond Rentals

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 14 February 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus, shares of sports-betting platform DraftKings hit a three-year high. And, Chinese e-commerce companies like Shein and Temu try to bypass Trump to keep selling to Americans. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose.

0:27.3

Learn more at guard your card.com.

0:31.3

Here's your TNV Tech Minute for Friday, February 14th.

0:35.4

I'm Julie Chang for the Wall Street Journal.

0:39.9

Airbnb is looking to expand beyond vacation rentals. The company plans to launch new businesses that it says will eventually

0:45.8

bring in $1 billion in revenue. That includes experiences that can enhance users stay, like

0:52.0

tours led by locals. CEO Brian Chesky said he aims to eventually

0:56.4

partner with more companies such as grocery stores and cleaning services. Airbnb is planning to

1:01.9

invest $200 to $250 million this year to grow those businesses. Shares of sports betting platform

1:09.8

draft kings finish the week at a three-year high after the

1:14.1

company raised its revenue outlook for the year. Draft Kings also reported it's making more

1:19.1

money off bets on the platform. The company is now guiding for $6.3 to $6.6 billion in revenue

1:25.9

this year, $50 million more than the midpoint in its previous

1:29.7

guidance. The new outlook doesn't factor in this year's Super Bowl, during which Draft King saw a record

1:35.5

$436 million in bets placed. And Chinese e-commerce companies, such as Sheehan and Temu, are resorting to

1:44.1

workarounds to keep selling to

1:45.9

Americans. Last week, President Trump paused a trade exemption for imports from China that lets

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