{"id":10293,"date":"2017-03-10T01:58:45","date_gmt":"2017-03-10T01:58:45","guid":{"rendered":"http:\/\/freeonlinetranslators.net\/news\/english\/airbnb-raises-1bn-of-investment-funding\/"},"modified":"2017-03-10T01:58:45","modified_gmt":"2017-03-10T01:58:45","slug":"airbnb-raises-1bn-of-investment-funding","status":"publish","type":"post","link":"https:\/\/freeonlinetranslators.net\/news\/english\/airbnb-raises-1bn-of-investment-funding\/","title":{"rendered":"AirBnB raises $1bn of investment funding"},"content":{"rendered":"
\"AirBnBImage copyright Getty Images
Image caption AirBnB is the second most valuable start-up company in the US <\/figcaption><\/figure>\n

Home rental company AirBnB has raised $1bn (\u00a3821m) of investment funding in a deal that values the firm at $31bn.<\/p>\n

The San Francisco-based firm disclosed the investment in a filing to the US Securities and Exchange Commission.<\/p>\n

AirBnB did not comment on how it would use the funding, but is expected to expand its operations globally.<\/p>\n

It has grown rapidly since its launch in 2008, and currently operates in 65,000 cities worldwide.<\/p>\n

The firm, which does not publish its sales figures, makes its money by enabling homeowners to rent out their homes.<\/p>\n

It takes a 3% cut of each booking and a 6% to 12% service charge from guests.<\/p>\n

It made its first profit in the second half of 2016, and will continue to be profitable this year on an underlying basis, according to media stories.<\/p>\n

They also reported that the firm had no plans to list its shares on the stock market in the near future.<\/p>\n

Image copyright Getty Images
Image caption Brian Chesky co-founded AirBnB in 2008 to help pay the rent on his San Francisco flat <\/figcaption><\/figure>\n

AirBnB has been diversifying and recently began offering users new services, such as tailor-made city tours and exclusive experiences with local experts.<\/p>\n

However, it has also faced criticism over claims it is driving up rents and contributing to housing shortages in some cities.<\/p>\n

In December, under pressure from MPs, the firm said it would block hosts in London from renting out homes for more than 90 days a year without official consent.<\/p>\n

It is also facing tougher regulations in New York, Berlin and Barcelona. <\/p>\n

The accommodation site lets people rent out their properties, often at prices undercutting hotels and traditional Bed and Breakfasts. <\/p>\n

It was started by university friends Brian Chesky and Joe Gebbia in 2008 to help pay the rent on their San Francisco flat. <\/p>\n

As the site expanded into more and more cities, helped by the use of professional photographers, it attracted backers including Amazon founder Jeff Bezos and actor Ashton Kutcher. <\/p>\n

In total it has raised more than $3bn from investors and it is now the second most valuable start-up in the US after Uber, which is valued at about $70bn. <\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright Getty ImagesImage caption AirBnB is the second most valuable start-up company in the US Home rental company AirBnB has raised $1bn (\u00a3821m) of investment funding in a deal<\/p>\n","protected":false},"author":1,"featured_media":10294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/10293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/comments?post=10293"}],"version-history":[{"count":0,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/10293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media\/10294"}],"wp:attachment":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media?parent=10293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/categories?post=10293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/tags?post=10293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}