for a second straight day since reporting results that suggest, brian chesky and team have achieved theprofitability other tech companies are scrambling to show what's next? i asked chesky if this is as profitable as airbnb gets or if they're looking for other revenue streams going forward and justify the price multiple we've been talking about >> we absolutely want additional revenue channel. nike started as running shoes. that's a minority of revenue amazon started selling books that's a minority of revenue i want one day for staying in a home on a short-term basis to be the minority of revenue of airbnb. >> he didn't tell us exactly where they would be going but i asked if m&a is on the table now that the company is sitting on $10 billion cash he said larger bz 1 billion plus deals are not off the table. doordash went public around the same time during the pandemic. it's been more aggressive about divesting and diversifying it's gone more vertical through dash mart, that has come at a cost net losses have increased and trades at a multiple lower than peers, airbnb specifically those

you sort of have to wonder, how much does brian chesky have to manage expectations here is it time foresty of, awe, shucks, becaue the comps will be tough. where are the areas, even though the austerity has been good where he needs to spend to fuel growth and get people used to that idea. i don't know clearly, i can't run airbnb, but what a great quarter in the midst of all of these quarters that are not so great. >> i can't imagine brian chesky throwing cold water on anything. >> maybe just modesty. goldman does reiterate a sell today target day do raise the target to '98, but we continue to have concerns about a mixture of change, consumer behavior, which could result in a general slowdown in travel trends or a shift in mix "d," the things dan was hinting at in his interview at the top of the hour. >> and to john's appoint, where does it squeeze more profitability out of this. things like travel insurance, perhaps a loyalty program. that's the kind of stuff they talked about, but they have to justify now this price evaluation so let's dig deeper into that. let's look at a forward pri

not quite out of the woods >>> and call it the airbnb boom, posting its first annual profits, brian cheskyaying no matter what happens in the world, people want to travel >>> we're going to begin with a tesla rally today. stock, as we said, up more than 70% so far this year number of news points on the stock today. going to shut some china production to make some upgrades for the model 3, but the bigger news is opening up its charging network to qualify for some federal dollars. >> yeah, so, probably, you know, a net positive, not necessarily core to the immediate stock case, but a net positive not to be kind of at odds with the government, basically, install itself at the center of the ev infrastructure more than it already is you know, yesterday, the reason the nasdaq was positive was tesla and nvidia those are two stocks that have kind of moved together over the past several years they have very similar valuations again, and now, you can't even really attribute the tesla move to, oh, shutting a shanghai factory, kind of swings in pricing it doesn't look like earnings estimates are kind

brian chesky pointing out since 2019 they have decreased head count by 5% but increasing revenue by 75% company has backed away from some of their more ambitious projects at the beginning of the pandemic and that allowed airbnb to increase the supply of homes on the platform and stay competitive with other otas like bookings holdings and expedia sitting on more than $9.5 billion on cash and cash-give leapts and return some to investor and offset stock compilation through stock buybacks they said they would do that and that accounts for at least a billion dollars. mel, back to you. >> d. bo, back to you, deirdre bosa >> about two months ago this was a cheap stock relative to, let's say, itself in the past and all of a sudden the stock is up 50%, 80 million mark cap. it's a great balance sheet but here's the deal. this year expected to grow, earnings and sales 10% trading 40 times in about eight types sales. it's not a cheap stock those growth numbers, this is not like -- i -- they're growing 10%. >> and i think your point is it these numbers are coming where i think there's still a lag e

shery: the airbnb ceo brian chesky with emily chang.lines. deutsche bank cutting bonuses for staff who used messaging services for business communications. the cuts affect pay is still to be awarded for last year. they are among several lenders find over $2 billion by u.s. regulators over unauthorized communication channels. lutherans ahead to ground present -- hundreds of flights after workers accidentally drilled through fiber cables buried below a frankfurt suburb. they are ramping up operations at its main ace in frankfurt. the incident raises questions about how robust their computer systems are. bloomberg has learned credit suisse is exiting distressed debt and special situations trading. it is part of a broader exit from risky and capital-intensive businesses. the bank is selling a book of assets including $250 million of bond and loan positions related to distressed companies. final commitments are due this week. haidi: still to come, suntory ceo takeshi niinami joins us for an exclusive interview to discuss their business. ubs

chesky, thank you. we want to go now to michigan. memorial service there are happening today for three students shot dead at michigan state university earlier this week. funeral services for sophomore, brianer, and junior alexandria verner were held this morning, while a vigil for arielle anderson also it's set for this afternoon. their funeral is scheduled for tuesday. having been laid to rest, these three young people, jessica kerch and -- in the campus of michigan state, east lansing. also joining us, democrat when -- i want to start with you, jessica. talk about the community. how are they dealing, especially today, as they have memorials and ra these young ones who lost their lives so tragically? >> yeah, yasmin, beyond those three events you just mentioned, there are people gathering here on campus. you have seen this throughout the day. they have been standing silently, paying their respects. some people even flowers. you could see the memorial here at the spartan statue growing. that is the university mascot. this is a notable location. i have seen people here taking graduation photos in the past, which gives you an idea. i think everyone can relate to that. that spot on their cam