Markets

A legendary venture-capital firm bought Airbnb shares for 1 cent each in 2009

Airbnb’s stock price soared to about $US145 during its stock-market debut on Thursday. Sequoia Capital invested $US585,000 in the home-rental platform for around 58 million shares in 2009, paying about 1 cent a share, The Information reported. The venture-capital fund has plowed a total of $US280 million into Airbnb over […]
A legendary venture-capital firm bought Airbnb shares for 1 cent each in 2009
Markets

Marriott is taking aim at Airbnb with a US home-rental platform

Marriott, the world’s largest hotel chain, plans to launch a US home-rental website that would compete with Airbnb, according to the Wall Street Journal. Marriott could reportedly reveal details of the platform as early as next month. The company trialed the idea with a six-month pilot program in London that […]
Marriott is taking aim at Airbnb with a US home-rental platform