Airbnb Won't Go Public After Dispute Over IPO Plans

The transcript discusses the movement of Wall Street figures to the West, focusing on Lawrence, a former CFO of Blackstone, and his role at Airbnb. It highlights a disagreement between Lawrence and Brian Chesky regarding Airbnb's public offering and the involvement of major investors. The transcript also delves into Airbnb's unusual hedge fund activities, drawing parallels to similar strategies employed by Lawrence at Blackstone, where he managed the company's finances and investments.

What does the text suggest about the normalcy of starting a hedge fund in a company like Airbnb?

What was the financial outcome of the hedge fund mentioned in the text?