An Irish-registered unit of Airbnb made a profit of €80 million last year, the first time profit information about the accommodation platform’s business here has been detailed, reports the Business Post. The newspaper, which rebranded from the Sunday Business Post today after 30 years under its previous masthead, said the profit generated by Airbnb International Unlimited Company compared with a loss of nearly €72 million in the previous year. The data has become available as a result of a change in Irish company law that now requires businesses with unlimited liability status to file details of their finances. Fitbit profitAn Irish subsidiary of Fitbit made a $346 million (€308 million) profit last year by disposing of intellectual property (IP) that had been previously valued at just $50 million, reported The Sunday Times. Fitbit Holdings, based in Dublin, sold the IP to an unidentified sister company also owned by the US fitness tracker firm.

Source: The Irish Times November 24, 2019 14:48 UTC