4 ms·
The reporting is a little off. It's says an $18b valuation is "a drop of almost half" from $31b. OK, almost. Then it says all of the $1b is debt which would n
by pbreit 7y ago
The reporting is a little off.
It's says an $18b valuation is "a drop of almost half" from $31b. OK, almost.
Then it says all of the $1b is debt which would not suggest a new valuation.
- tonyhb 7y ago"The investors will also get warrants that can be converted into shares with a valuation for the company of $18 billion, a drop of almost half since Airbnb’s last fundraising in 2017, the people said." This indicates they'll get twice as many shares for the money as previous investors. Hence a ~50% drop in valuation.