Airbnb's valuation slashed by Principal, Hartford Funds - Business Insider

Airbnb the home-sharing start-up was most recently valued at $31 billion in a 2017 funding round.

Despite the pandemic, one mutual-fund investor, Macquarie, has actually increased its valuation of Airbnb since the virus broke out in the US.Several mutual fund managers have slashed their internal valuations on $31 billion home-sharing unicorn Airbnb. Hartford's $744 million International Equity Fund changed said AirBnB's shares were worth $85.27 a piece as of the end of March — a decrease of more than 32% compared to what the fund valued the start-up at in the fall.

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Airbnb faces big challenges in going after the longer-term stay market - Business InsiderAirbnb says it's going to focus on longer-term stays, but analysts worry its short-term rental roots will make it hard to grab a piece of the $18 billion market
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