SoylentNews is people
SoylentNews
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.
This discussion has been archived.
No new comments can be posted.
Airbnb Raises $1.5 Billion, Valued at Over $25 Billion
|
Log In/Create an Account
| Top
| 15 comments
| Search Discussion
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
Everything you know is wrong!
(Score: 2) by arslan on Wednesday December 09 2015, @10:41PM
eh? eBay provides a place for folks to buy and sell stuff for a small commission. AirBnb provides a place for folks to rent out and book accomodation for a small commission.
I'd say there's similarity there. They're worth more than Marriot because they don't need to need to retain large and very costly depreciate-able assets to drive their revenue.
Yes, it is not a novel business plan. There's plenty of sites like their already before them. I personally like to use them as compared to local incumbent ones like stayz.com is because it has a cleaner UX and its not littered with annoying ads.