×
The Standard e-Paper
Join Thousands Daily
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
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.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join