Good news for Airbnb, three funding rounds and Vroom – TechCrunch

[ad_1] Hello and welcome back to Equity, ’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Here at Equity Monday we look at what happened over the weekend, what’s ahead, and a few recent funding rounds. As you’ll hear, we’re heading back into our normal cadence and topics, but if you do want…

General Atlantic to invest $870M in India’s Reliance Jio Platforms – TechCrunch

[ad_1] Mukesh Ambani’s Jio Platforms has agreed to sell its 1.34% stake to General Atlantic, the latest in a series of deals the top Indian telecom operator has secured in recent weeks. On Sunday, New York-headquartered private equity firm General Atlantic said it would invest $870 million in the Indian telecom operator, a subsidiary of…

Is it better to be a private or public company right now? – TechCrunch

[ad_1] Hello and welcome back to Equity, ’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Every week we write this post with some opening line akin to wow, what a week, huh? This is yet another one of those weeks. Perhaps this is just life now, and every week will stretch before us, similar…

Citing revenue declines, Airbnb cuts 1,900 jobs, or around 25% of its global workforce – TechCrunch

[ad_1] This afternoon Airbnb, a well-known private company that connects travelers with places to stay, announced that it was laying off around a quarter of its workforce. The company cited revenue declines and a need to curtail costs in a memo that viewed. In the note, written by Airbnb CEO and co-founder Brian Chesky, the…

COVID-19 forced Airbnb to rethink its product offerings; here’s some of what it came up with – TechCrunch

[ad_1] The coronavirus has decimated the travel industry, and Airbnb, the home rental company that appeared unstoppable not so long ago, has not been spared. While the headlines have focused on the measures it’s taking to stockpile cash to offset its losses, behind the scenes, the nearly 12-year-old company has been busily redesigning its products.…

Your coronavirus scenario planning should be more conservative – TechCrunch

[ad_1] The tech industry (and the world at large) is not experiencing temporary anxiety — the uncertainty we’re all coping with is the new normal. Sudden shifts in behavior have made some startups targeting slow-moving, old-school industries more relevant than they could have imagined, such as those in telehealth, distance learning and remote work. Most,…

Join Precursor’s Charles Hudson for a Q&A this Thursday – TechCrunch

[ad_1] The new Extra Crunch Live series is taking flight this week. Later today we’re talking to Cowboy Ventures’ Aileen Lee and Ted Wang. This Friday we’re keeping the parade of well-known investors coming, when Charles Hudson will join Natasha Mascarenhas and I for a deep-dive into all things pre-seed and seed. Extra Crunch Live…

Airbnb ups its debt by $1BN amid the coronavirus travel crunch – TechCrunch

[ad_1] Airbnb has secured commitments of $1 billion for a syndicated time period mortgage from institutional buyers, it said. The emergency money injection comes as the coronavirus travel freeze continues to hammer trip leases, with holidaymakers locked down at residence and world travel banned or closely discouraged for public well being causes. Neither the names…