US' 2nd largest startup Airbnb posts profit for first time
Room-rental startup Airbnb, which is the second largest startup of US after Uber, has reportedly made its first profit in the second half of 2016. The startup's revenue increased more than 80% during 2016, the report added. Airbnb, which has a valuation of $30 billion, was founded nine years ago and has raised nearly $3 billion in funding.