The short term affects the market. Apparently Airbnb spent a lot of money on an Olympics marketing partnership, that's down the toilet. They've taken out 2 sepa

The short term affects the market. Apparently Airbnb spent a lot of money on an Olympics marketing partnership, that's down the toilet. They've taken out 2 separate 1 billion dollar loans, one at 12%, another at 8%, in the last month(?). With their budgets strapped, they'll have less money and wherewithal to fight the legal battles they need to win to stay operational in many major urban markets around the world. The situation is absolutely dire, and their survival through the crisis is not a sure prospect in the slightest.