Airbnb turns to private equity to raise $1 billion

Airbnb turns to private equity to raise $1 billion

Airbnb said Monday that it has raised $1 billion in debt and equity from private equity firms Silver Lake and Sixth Street Partners, even as the online rental marketplace has seen its business plummet due to the COVID-19 pandemic. Terms of the deal were not disclosed....
Quibi had a launch day outage

Quibi had a launch day outage

Looks like things haven’t gone completely smoothly with Quibi‘s launch. The issue appears to have been resolved, but the Quibi customer support account tweeted this afternoon that “some users may be experiencing problems with the Quibi app,” only to add an hour later...