21–30 of 53 posts
2 weeks to withdraw your money ? That's just ridiculous. Some people are on holidays, some are sick, some are just unable to do it in such a small timeframe...
2 weeks to withdraw your money ? That's just ridiculous. Some people are on holidays, some are sick, some are just unable to do it in such a small timeframe...
There's a chance their customers were told earlier. I assume they'd also make an effort to reach out to people with balances as the deadline approached.
I was a huge fan of Tilt and used them for multiple campaigns (mostly social fundraising things, like if a bunch of my friends were going camping we'd dump the bar tab on there, and it was fantastic for burning man camp fundraising). I have to say I'm super disappointed in Airbnb buying and then destroying this company, especially with the shockingly small amount of notice. Between their new logo, their ill conceived…
Hunh? Care to elaborate on a) what specifically AirBNB does to facilitate racism, and b) what you'd expect them to change about their 'platform' to stop people from being horrible?
Is it traditional to announce startup shutdown on Friday (this & Sprig) just like layoffs?
Earlier quoted context omitted.
PR 101: announce bad news on Friday. Fewer people will hear about it.
If the company is completely shutting down anyway, what's the point?
> You can also initiate withdrawals for any collected funds to your bank account through the Tilt platform until June 12, 2017. I highly doubt that is legal. If you hold third party funds you can't just make some arbitrary statement or the money is yours. They will have to make a reasonable effort to reach the affected parties and they will have to give them ample time to withdraw their funds.
I was a huge fan of Tilt and used them for multiple campaigns (mostly social fundraising things, like if a bunch of my friends were going camping we'd dump the bar tab on there, and it was fantastic for burning man camp fundraising). I have to say I'm super disappointed in Airbnb buying and then destroying this company, especially with the shockingly small amount of notice. Between their new logo, their ill conceived…
> the ability for their platform to facilitate racism Hunh? Care to elaborate on a) what specifically AirBNB does to facilitate racism, and b) what you'd expect them to change about their 'platform' to stop people from being horrible?
Stuff like a black male tries to rent for a certain date, gets denied, and then an hour later a white female tries to rent it for the same date and is approved by the owner.
I believe in the example I'm citing the person affected actually created the second account of the "white female" and tried to keep the language very similar when they booked, so this example was pretty egregious.
There were also cases, although this probably fits in the category of mentally ill and just really mean, of people sending messages like "sorry no Asians" after denying a renters request.
AirBnB did respond though. One of the changes they made was how the profile picture was displayed during the booking process. Either they made it smaller or removed it completely if you were an owner approving people.
Is it traditional to announce startup shutdown on Friday (this & Sprig) just like layoffs?
Its the end of the quarter, roughly, and probably when payroll gets processed for the 2nd 1/2 of the month and for the 11th 2 week period which is probably more significant.. though that could also relate to layoffs maybe as well..
> You can also initiate withdrawals for any collected funds to your bank account through the Tilt platform until June 12, 2017. I highly doubt that is legal. If you hold third party funds you can't just make some arbitrary statement or the money is yours. They will have to make a reasonable effort to reach the affected parties and they will have to give them ample time to withdraw their funds.
There's also very limited scope for investment. So it's pointless retaining such funds; we try to disburse at the earliest opportunity.
I'd expect any successor entity to Tilt will remain liable. If Tilt are doing anything with the ridiculous "deadline", it's encouraging people to get that liability off their balance sheet. Speculation: perhaps some aspect of their acquisition deal is driving it, such liabilities might reduce TEV.