The proposal comes as popular tourist destinations such as Paris, Venice and Barcelona blame Airbnb for aggravating housing shortages by pushing out lower-income residents.
In a series of tweets, Airbnb CEO Brian Chesky announced cost of Afghan refugees' accommodation will be borne by the company. However, no clear time frame for the programme was announced.
The company is currently planning to price its IPO on 9 December. Ahead of it, the home-rental platform and some shareholders are offering 51.9 million shares at $44-$50 apiece.
Until now, the Bobby cottage in Kashmir, Dil Chahta Hai fort in Goa, and Pangong lake in 3 Idiots were famous tourist attractions. Gauri Khan-designed home has entered the club.
Airbnb website took advantage of the shift in customer behavior — avoiding international air travel and renting homes nearby — and started showing more local offerings.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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