Airbnb just closed a $1 billion round and became profitable in 2016
Airbnb has closed on a more than $1 billion round of funding, a source close to the company told CNBC. The round was confirmed in an SEC filing that dropped on Thursday. It is now worth approximately $31 billion. The company raised roughly an additional $450 million as part of its Series F round, making the round nearly twice as much as it stood last fall. The total amount raised was $1,003,312,065, according to the filing.
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I used to use airbnb quite often (as a traveler), but I have to say it's lost its appeal for me. First, it's really not much cheaper than a hotel in most cases (some cases more expensive). Second, it's a hassle when you're on vacation to have to arrange in advance a specific time to pick up the keys to the place. Then, what happens if you happen to lose the keys (happened to me once)? What happens if it's in the middle of the night in a foreign country? This could be a nightmare. On top of that, you're expected to leave the apartment like you never stayed there or face bad reviews (even with a $100+ cleaning fee)! Seriously, one time I got stuck with a terrible review because I left a dirty pan in the sink (had to rush to the airport, I figured the $100 cleaning fee would cover what minor things I had left behind, but guess not).