airbnb
Airbnb, New York City settle rental law lawsuit
December 4, 2016 by creative · Leave a Comment
By Nate Raymond NEW YORK (Reuters) – Airbnb Inc and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals. Airbnb had contended that the law's ambiguous wording could allow New York authorities to apply it to online platforms like itself that host third-party listings, creating the risk of significant civil penalties…
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Airbnb, New York City settle rental law lawsuit
airbnb
Airbnb gets $1 billion debt facility from U.S. banks: source
June 16, 2016 by admin · Leave a Comment
(Reuters) – Apartment-sharing startup Airbnb Inc has secured a $1 billion debt facility from some big U.S. banks to aid its new services and finance its expansion plans, a source close to the company said. JPMorgan , Citigroup Inc , Morgan Stanley and Bank of America Corp led the debt deal, the source said. Airbnb, which expects to achieve profitability in 2016, raised over $100 million in a round of funding late last year. Bloomberg reported the funding deal earlier on Wednesday. (http://bloom. …
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Airbnb gets $1 billion debt facility from U.S. banks: source