Airbnb Grabs $1 Billion Investment From Silver Lake and Sixth Street Partners

Faced with a plummeting of its business, outrage from many hosts, and an ever-approaching deadline to go public in 2020, Airbnb announced it secured a $1 billion investment in debt and equity securities from Silver Lake Partners and Sixth Street Partners. Update: The Wall Street Journal reported that it will pay its new investors more than 10 percent interest on their financing, and its valuation has dropped to $18 billion, from $31 billion at its previous fundraise. Silver Lake and Sixth Street received warrants that they can convert into shares at that $18 billion valuation. Meanwhile, Bloomberg reported that Aibnb's fundraising isn't finished, and that it is in talks to secure an additional $1 billion in debt.] The investment brings Airbnb's total funding to around $5.4 billion. In a recent meeting with employees before Monday's i