So Airbnb has more money in the bank than it’s raised in venture capital. It’s raised ~$3.5B, debt aside. & the company has an untouched $1B line of credit. Slack had $800M on its balance sheet ahead of its direct listing. Seems impossible Airbnb wont do a direct listing...
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Don’t they have to separate these funds as being owed to the host and legally can’t invest the float. Unsure about ability to put in high interest account but would have also thought unlikely. Effectively a money service business and think they’re regulated as such in EU
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Banks would stop running in that case?
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Čini se da učitavanje traje već neko vrijeme.
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