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Airbnb Valued at $10 Billion

Airbnb Valued at $10 Billion

Airbnb has closed a $450+ million round of financing from a group led by private-equity firm TPG, valuing the home-sharing site at $10 billion, according to this report from the Wall Street Journal. The investor group also includes investment firm ...

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Is Airbnb the Hotel Industry’s Greatest Threat?

Is Airbnb the Hotel Industry’s Greatest Threat?

The rapid growth and popularity of Airbnb, which recently surpassed 10 million guest stays since its 2008 launch, has raised valid concerns among hotel executives. With media reports that the online home-rental marketplace is nearing a $10 billion valuation, should ...

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Airbnb To Collect Hotel Taxes for San Francisco

Airbnb To Collect Hotel Taxes for San Francisco

Following its offer to collect and pay $21 million in taxes in New York City and a smaller initiative in Portland, Airbnb has agreed to pay the San Francisco’s 14 percent hotel tax by the summer. The move could potentially add ...

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Airbnb Near Deal with Portland Over Short-Term Rentals

Airbnb Near Deal with Portland Over Short-Term Rentals

Online vacation-rental service Airbnb, which has been operating in Portland outside of the land-use rules that govern other short-term lodging, says it’s near a deal with the city to collect taxes on those rentals, according to this article from The ...

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