Airbnb is worth more than Hilton Hotels, but its controversial business model depends on local authorities allowing it to operate outside of hotel laws
Sleeping in other people’s beds has turned out to be a goldmine for rental startup Airbnb. The controversial Silicon Valley company has raised another half a billion dollars from investors at a price that values the company at $30bn.
The company is expected to file a notice with the securities and exchange commission (SEC) on Thursday, according to Fortune, which first reported the news.
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