Airbnb Paying More Than 10% Interest on $1B Financing Announced Monday
Why does AirBnb need a billion dollars?<p>I can't find anything suggesting they're spending more than $100mm on their ongoing litigation, the technology isn't particularly novel or complex, is the rest just going to compliance or to pay for previous commitments?<p>Just seems like an absurd amount of money. That's like one year of revenue for them.