Home / Centerstage / 2016 / september / Week 3 /
Airbnb raises $850 million in a funding round, valuing the home-rental company at $30 billion. Alphabet's investment arm participates in this funding round. In addition to the new cash infusion, long-term employees have the opportunity to sell common shares as part of the deal. Roughly $200 million worth of employee stock was sold. This funding further solidifies Airbnb's position as a major player in the sharing economy.
Thursday, 22 September, 2016