SAN FRANCISCO — Airbnb said on Monday that it had raised $1 billion in new funding as it grapples with devastation from the coronavirus pandemic, and as some technology start-ups take extra measures to stockpile cash during the outbreak. The private equity giant Silver Lake and the investment firm Sixth Street Partners led the investment, which was a mixture of equity and debt. Airbnb’s business has been hobbled during a shutdown in global travel caused by the spread of the coronavirus. Airbnb had said that it plans to go public this year. But that may be in limbo because of stock market volatility and uncertainty caused by the virus.

Source: New York Times April 06, 2020 22:30 UTC