Airbnb Cut Workforce: what can we learn?

Airbnb to Cut 25% of Workforce as Coronavirus Stalls Global Travel

Airbnb Gets $1 Billion Loan, Bringing Coronavirus Funding to $2 Billion

https://www.wsj.com/articles/airbnb-raises-1-billion-from-silver-lake-sixth-street-partners-11586209492?cx_testId=3&cx_testVariant=cx_2&cx_artPos=3#cxrecs_s

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.