Airbnb is suspending all operations in Russia and Belarus

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Summary

Brian Chesky, the companys CEO and co-founder, announced the move on Twitter late on Thursday as companies continue to boycott Russia following its invasion of Ukraine. Airbnb did not immediately respond when CNBC asked the company to elaborate on what this means in practice. The move may not have a significant impact on Airbnbs bottom line, particularly as the vast majority of airlines have stopped flying to Russia in recent days. On Monday, Airbnb said it was going to offer free, temporary housing for up to 100,000 refugees fleeing Ukraine. "Yesterday I shared an idea to support Ukraine by booking rooms for rent on Airbnb," the accounts operator wrote on Twitter Thursday.

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