The fair value of Airbnb’s common stock rose 10% last quarter to $69.76 a share, Airbnb’s chief financial officer told shareholders Friday. That roughly equates a $20 billion valuation. Airbnb’s common stock value is now about 20% higher than its nadir in the spring, but it still at about half its peak last year, when it was valued at about $38 billion. Employee turnover at the company has...
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Pro Weekly: Readers Temper Their Optimism About Tech
Readers of The Information are feeling the back-to-school blues. In our latest monthly survey, around 30% of the 680 respondents said they anticipate conditions for technology companies will improve in the next six months, roughly the same as the percentage of people who think conditions will worsen. The rest don’t think much will change. It's the first time sentiment has weakened in six...
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