Under the terms of the new fund-raising, Airbnb will have tripled its valuation in two years. A $30 billion valuation would make Airbnb the second-highest-valued start-up in the United States behind Uber, which is now valued at $62.5 billion, according to a list compiled by CB Insights.
Leaders of the European Union converged in Brussels. “Whoever wants to leave this family cannot expect to have no more obligations but to keep the privileges,” Chancellor Angela Merkel of Germany said.
One thing has become especially clear about the Brexit leaders: They had no plan for what comes next.
Randi Weingarten aims to pull public-teacher pension investments from Daniel Loeb, Paul Singer and other fund managers who promote retirement cutbacks. “Why would you put your money with someone who wants to destroy you?”
A multibillion-dollar industry has developed around the annual exercise created to make U.S. banks stronger. There are even consultants offering advice on the most economical use of other stress-test consultants.
One Lyft investor told Bloomberg that, given the company’s heavy losses, if Lyft could sell itself for $5.5 billion -- the value of the company at its latest valuation -- that would be an acceptable price.