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Airbnb, a site for listing and finding rent lodging, has raised $1.5 billion, according to an SEC filing:
Back in June, the WSJ reported that Airbnb had raised a massive $1.5 billion round of funding. Today, the company confirmed those reports by way of an SEC filing.
The total offering and sold amount is $1,499,937,904.00 for those keeping score.
Airbnb's valuation is now at or above $25 billion, which is just staggering. It sounds like Airbnb is going to focus on strengthening itself overseas before even thinking about going public.
The company is also busy fighting fires here in the States, as cities have tried to put a cramp in their style with not much success.
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Airbnb Raises $1.5 Billion, Valued at Over $25 Billion
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(Score: 1, Insightful) by Anonymous Coward on Wednesday December 09 2015, @05:41AM
Without short-term rental services such as AirBNB, short-term visitors might only consider hotels for their accommodation. The rent expected would be lower because of lower (apparent) demand. The local person might be able to afford that lower rent and, as a result, wouldn't necessarily be homeless.
(Score: 2) by richtopia on Wednesday December 09 2015, @03:36PM
Or AirBnB provides infrastructure to facilitate short term housing. The traveler or the local both could rent the room.