As Airbnb is readying to head to stock markets in the year 2020, the company which is engaged in the service of homesharing said that their COO Belinda Johnson is going to exit the post in the month of March.
Johnson who had joined the company as a general counsel in the year 2011 and had served as COO for a time of less than 2 years, said that it was personal reasons which motivated this move. Johnson was one of the most high profile woen in the industry and is going to take her sea on the board of directors in Airbnb.
Jonson said that the company was just beginning and said she was very confident about the future of the company. She said so in a statement which she gave about this move.
Johnson’s departure also had an important context. There was a report given by Airbnb about it posting a loss of $100 million in 2019’s second quarter before interest and taxes in comparison with a profit of $10 million which they registered for the same period last year.
Though the revenue of Airbnb had jumped in second quarter there had been a jump in the expenses of marketing and sales to $390 million by 47% which blunt the leap of revenue according to the report.
There are clear indications of Airbnb’s emphasis on top-line growth and its preparation for a public-offering in the year 2020.
The CEO of Airbnb, Brian Chesky has said about Johnson that she was the first executive ever who was hired by Brian.
He called her a welcome addition to the board and has left doors open for her to return to the executive role as and when she wishes.