The home-sharing giant is hoping its generous new initiative inspires other business leaders to do the same. We’re looking at you, Marriott/Accor/IHG/Hilton.

Airbnb more than doubled its share price as soon as it began trading on the Nasdaq, which is pretty bloody good for a company that is still yet to turn an annual profit.

Laying off staff is never easy, but if there was ever a perfect example for company leaders to follow, it’s that of Airbnb’s chief executive.

The short-stay accommodation giant has also secured a $1.6 billion investment from two private equity firms.

Airbnb’s co-founder and CEO revealed the company will act to enforce its ban on “party houses” after five people were shot dead at a Halloween party in San Francisco.