Who can save Airbnb?

Airbnb’s angst has been a long time in the making, it starts with the trickling of skepticism in the media’s tone, and then all hell broke loose with the outbreak of Covid-19. The problem it faced seemed complex at first- distrust, ongoing lawsuits, fraud. But now all of a sudden, its problem is urgent and singular- Airbnb needs cash, a lot of it, and very fast.

To give the highest level and the most simplistic overview:

  • Airbnb just raised $1bn of debt, at 10% + Libor rate (junk bond levels when the fed has cut rates to 0)
  • Airbnb still needs…

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Whitney Sheng

Musings on corporate finance, investments, and the economy. Beijing born, Auckland (NZ) raised New Yorker with a pit stop in Boston.