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Airbnb could run out of cash in one year, even with the $1 billion it just raised, because of how devastating the coronavirus is on its business
The $1 billion in cash Airbnb announced Monday that it has raised likely won't last the...The $1 billion in cash Airbnb announced Monday that it has raised likely won't last the company very long. Even before the coronavirus epidemic hit, the travel startup was losing money; thanks to the crisis, its losses and cash burn have likely exploded. In a worst-case scenario, it might not have enough cash to last a year, despite the new funding. More likely, thanks...
Airbnb's hosts aren't impressed with the company's $260 million package to make up for coronavirus cancellations . 'People see it for what it is — it's PR.'
Property managers who list accommodations on Airbnb weren't overly impressed with the plan the company announced...Property managers who list accommodations on Airbnb weren't overly impressed with the plan the company announced Monday to help them out. The $250 million fund the company set up to reimburse hosts for cancelled reservations will only cover a portion of lost revenue, and some property managers may see no benefit at all. The separate $10 million pot that Airbnb set aside for its...