Airbnb's valuation reaches $30 billion
Airbnb, the home rental startup, is raising another $850 million (£651m), according to a new report by Bloomberg, at a valuation of $30 billion, making it the second most valuable start-up, right behind the $68-billion-worth car-sharing Uber.
The document, filed with the state of Delaware, does not show who the investors are, and Airbnb has yet to make a comment.
It currently has more than 1,500,000 listings in 34,000 cities and 191 countries.
Business Insider reports that the state of New York has passed a bill which will prevent people from advertising short-term rentals. That basically means Airbnb will not be able to do business in the state, if the governor signs the bill into law.
The company is also in dispute with San Francisco, where it sued it over a decision by the city’s Board of Supervisors. The decision will see the company being fined $1,000 a day for every unregistered host on its service.
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