Tag: Airbnb
Daily Crunch: Airbnb raises another $1B
Airbnb turns to private equity for new funding, WhatsApp takes new steps to fight disinformation and another potential COVID-19 vaccine enters human trials. Here’s your Daily Crunch for April 7, 2020. 1. Airbnb turns to private equity to raise $1 billion Airbnb said Monday that it has raised $1 billion…
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Airbnb turns to private equity to raise $1 billion
Airbnb said Monday that it has raised $1 billion in debt and equity from private equity firms Silver Lake and Sixth Street Partners, even as the online rental marketplace has seen its business plummet due to the COVID-19 pandemic. Terms of the deal were not disclosed. It’s unclear how this…
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Airbnb will pay hosts $250 million to help cover cancellations due to COVID-19
Airbnb is committing $250 million to put toward hosts who have been impacted by COVID-19. That means if a guest cancels a reservation for check-in between March 14 and May 31 due to a COVID-19 related reason, Airbnb will pay the host 25% of what they would normally receive through…
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Airbnb to provide free or subsidized housing for 100,000 COVID-19 healthcare workers
The hospitality and travel industry may be reeling, but Airbnb is still doing what it can to support the global effort to fight the spread of the coronavirus causing a worldwide pandemic. The company announced today that it will provide “free or subsidized housing” for 100,000 people working as frontline…
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Declining ad rates may signal a reset for startup SEM strategies
With limited prospects for growth, one of the iron laws of economic downturns is that advertising is among the first budgets to be cut. Advertising revenues have already cratered at many alt-weekly newspapers, which heavily rely on local events and restaurants that have been shuttered in the wake of the…
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Daily Crunch: Apple unveils new iPad Pro and MacBook Air
Apple has new hardware coming, the U.S. government may use cell phone data to track the spread of COVID-19 and Fox acquires a streaming company. Here’s your Daily Crunch for March 18, 2020. 1. Apple announces new iPad Pro The new iPad Pro looks more-or-less like the existing iPad Pro,…
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