From Barron’s Airbnb ended up raising $3.5 billion, in one of the most anticipated initial public offerings of the year. The home-sharing network sold 51,551,723 Class A shares at $68 each, a person familiar with the situation said. This implies a market cap of $47 billion. The $68 price is above the $56 to $60 price range the[…]
From Zero Hedge: As tourism and hospitality-related industries tumble into bankruptcy one after the other as the government money runs out and revenues dry up thanks to the pandemic, Airbnb – the sharing economy pioneer that has managed to shift its focus to offering ‘staycation’-type arrangements for high-strung professionals looking to take a little break[…]
AirBNB has a diverse business, most people don’t even know the extent in which they operate in multiple verticals. Now that Hurricane Dorian is approaching the US, AirBNB has activated their Open Home Policy, see trending thread on this topic: AirBNB has activated their Open Home policy and there are hundreds of free places to[…]
Forbes March 2016 Eight and a Half X: TV star Ashton Kutcher and Madonna manager Guy Oseary teamed with billionaire Ron Burkle to turn $30 million into $250 million with investments like Uber and Airbnb. Liberty Media is betting $100 million the duo can do it again–on their own. (Photos: Tim Pannell for Forbes). Ashton[…]