Airbnb to Cut 25% of Workforce as Coronavirus Stalls Global Travel
Airbnb Inc. said it is slashing 1,900 jobs, or a quarter of its workforce, and cutting investments in noncore…
Airbnb Gets $1 Billion Loan, Bringing Coronavirus Funding to $2 Billion
Airbnb Inc. secured a $1 billion loan from institutional investors, the company said, the second funding round for the…
Q: what are the costs and revenue of Airbnb look like?
A: Its total costs rose to $5.3 billion last year, from $2.6 billion in 2017, outstripping an 85% increase in revenue over the same period, to $4.8 billion from $2.6 billion
Q: Airbnb borrowed a 5-year loan with interest rate = 7.5/10% + libor. Why is the interest rate that high?
A: That seems unreasonabl high. That is all I can say.
Q: Who wants to push Airbnb to go public?
A: CEO is under pressure from employees to go public.