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Airbnb lowered its internal valuation by 16 per cent to $26 billion (Sh2.75 triillion), as the US home rental firm grapples with a slowdown in bookings due to the global spread of the coronavirus pandemic, a source familiar with the matter told Reuters on Thursday.
Airbnb was valued at $31 billion (Sh3.27 trillion) in its most recent private fund-raising round, the source said. With the coronavirus spreading across the globe, thousands of travellers have called off plans for vacations, work trips and family visits.
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