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

Elizabeth WollmanAirbnb Inc. secured a $1 billion loan from institutional investors, the company said, the second funding round for the home-sharing marketplace since the coronavirus pandemic devastated the global travel industry.

The San Francisco-based company didn’t disclose Tuesday the terms of the loan or the names of the investors. According to a person familiar with the matter, the loan is five years, and the interest rate will be 7.5%, plus a benchmark rate known as the London interbank offered rate, or Libor.

AirBNB treated me terribly as a host.

So the guy received 1 BILL to maintain a website that rents out other people’s property? Is he distributing the cash out to the homeowners that support his ass? What a hose job. CON of the week.

“Loan”

you hate to see it

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Airbnb raising another $1 billion in debt as coronavirus ravages tourism businessA week after announcing a $1 billion financing round, Airbnb raised another $1 billion in debt in an effort to pad its balance sheet. I wouldn’t want to own that debt ... Airbnb is gonna have a longer recovery. Longer than hotels. Tough to prove cleaning. People don’t want outsiders in there house. Do you need 15 days in between guests?
Source: CNBC - 🏆 12. / 72 Read more »

Airbnb raising another $1 billion in debt as coronavirus ravages tourism businessA week after announcing a $1 billion financing round, Airbnb raised another $1 billion in debt in an effort to pad its balance sheet. I wouldn’t want to own that debt ... Airbnb is gonna have a longer recovery. Longer than hotels. Tough to prove cleaning. People don’t want outsiders in there house. Do you need 15 days in between guests?
Source: CNBC - 🏆 12. / 72 Read more »