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Airbnb raises $1 Billion in latest round of funding

Airbnb raises $1 Billion in latest round of funding

Monday, March 13, 2017, 12:53 PM

Online room renting service Airbnb had raised $1 billion in its latest round of funding, valuing the company at $31 billion. Airbnb has enjoyed tremendous growth as it pushes ahead with its plans of global expansion. The company turned in a profit on an EBITDA basis in the second half of 2016 and expects to continue to be profitable this year.
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