Airbnb

On Wednesday, the travel site Airbnb announced that it submitted a draft registration statement to the Securities and Exchange Commission proposing an initial public offering of its common stock. What Happened: Airbnb, after earlier reports this month that it would go forward with an...

The Last Week In A Nutshell What Happened: “This is a subdued market. We have recovered from the shock, but there have been a lot of sectors not really participating that much on the upside,” said ARK Invest CEO and CIO Catherine Wood. Remember This: “2020 is a year that is...

Airbnb Inc’s revenues declined and losses piled up in the second quarter, as the home-rental company’s bookings sagged, Bloomberg reported Wednesday. What Happened The San Francisco-based company’s revenues fell to $335 million in the quarter ended June, a drop of 67% ...

Airbnb Inc. plans to file for an initial public offering with the United States Securities and Exchange Commission in August, and go public before the end of this year, according to a Wall Street Journal report Tuesday. What Happened  The home-rental marketplace is roping in Morgan...

Billionaire Airbnb co-founder and CEO Brian Chesky said “travel has changed forever” in an interview with Yahoo Finance's Andy Serwer.  Airbnb's Pandemic Trends: Chesky discussed the changes that have occurred in travel as a result of the pandemic. Compared to the...

The CEO of Airbnb Brian Chesky painted a grim picture of global travel in an interview with Axios, a news portal, on Sunday.  Travel Will Never Go Back To Normal Airing his views on travel as it was before the pandemic, Chesky said, “I will go on the record to say that travel will...

The coronavirus (COVID-19) pandemic has dealt a severe blow to the U.S. economy. Markets are in record declines. More than 30 million Americans have filed for unemployment and several businesses have already gone under. It's no doubt: we may be headed for a recession. And for many...

Airbnb Inc. has raised $1 billion in a second funding round in just over a week, the home-rental company announced Tuesday. What Happened The San Francisco-based company had previously announced a $1 billion funding from Silver Lake and Sixth Street Partners. Airbnb said the latest funding is...

Airbnb is paying an interest rate of 10% on its latest $1 billion funding from Silver Lake and Sixth Street Partners, the Wall Street Journal reported Tuesday. What Happened The home-rental startup will have to bear the costs of the "Libor" or "the London Interbank Offered Rate...

Home rental startup Airbnb announced Monday that it had raised $1 billion from private equity companies Silver Lake and Sixth Street Partners. What Happened The investment involves a combination of credit facility and equity, but the company didn't disclose further financial details...

AlphaWallet, a blockchain technology company, is building a new economic infrastructure in which businesses and consumers can interact, CEO Victor Zhang told Benzinga.  About AlphaWallet Founded in 2017, AlphaWallet is a peer-to-peer distributed ledger technology. At a high level, the firm...

Airbnb Inc. has asked banks to extend the deadline of a $1 billion credit facility it was granted in 2016, according to a Reuters report Wednesday. What Happened The homestay-marketplace startup has $3 billion in cash but is seeing increased financial strain due to the novel coronavirus (COVID...

Airbnb has created “The Unique Airbnb Fund” and will give $100,000 to each of 10 contestants as a reward for creating a unique home. What Happened Airbnb is giving away $100,000 to 10 contestants for their “unconventional” Airbnb pitches so that they can build their dream...