Airbnb now targeting $42B valuation for IPO

first_imgShare on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink TagsAirbnbIPOshort term rentals Share via Shortlinkcenter_img Airbnb CEO Brian Chesky (Getty)Airbnb is going even bigger for its IPO.The home-rental company wants to boost the proposed share price, which would give it a valuation of as much as $42 billion, according to Bloomberg.Airbnb now wants to set the share price range at between $56 to $60 according to the report. That’s up from $44 to $50, which gave it a target valuation of up to $33 billion.Airbnb’s stock market debut is scheduled for Thursday on Nasdaq.Last week, Airbnb executives started marketing its offering to mutual funds and hedge funds via the virtual investor roadshow. The company’s initial valuation target was already higher than expected, the Wall Street Journal reported.December is typically a quiet time in the IPO market. But not this year. Food-delivery company DoorDash, video game firm Roblox; and ContextLogic, which operates online retailer Wish, are also expected to jump on the initial public offering wagon this month. [WSJ] — Akiko MatsudaRead moreAirbnb targets as much as $33B valuation for IPOAirbnb is offering hosts company shares. But millions may miss outWhy Airbnb is going public in a pandemiclast_img read more

Report: Bristol City 3-4 Burnley

first_imgChris McCann’s looping header on the stroke of full time left Paul Anderson’s first City goal academic. Substitute Anderson looked to have salvaged a point in the 90th minute after Derek McInnes’ side had trailed 3-1 with only 14 minutes to go. Visitors Burnley raced into an early lead through Charlie Austin’s 10th minute opener, but the scores were level at half-time thanks to a sweet Steven Davies free kick.  The npower Championship’s most prolific marksman struck his 15th league goal of the season from the penalty spot, before Martin Paterson’s deflected shot on the hour looked to bring a subdued end to the drama. But Sam Baldock struck with a spot-kick of his own to make it 3-2, and Anderson seemed certain to have secured a spirited draw when he found the net after Albert Adomah’s free kick came back off the post. However, Burnley somehow had the final say when McCann’s header from a tight angle dropped into the far corner to break City hearts. McInnes made three changes to his side beaten 3-2 by Bolton Wanderers three days prior, including a first home start of the season for Joe Bryan on the left wing. Mark Wilson also returned to the starting line-up at Louis Carey’s expense, while both sides were forced into last-minute alterations with Jody Morris and Paterson drafted in for injured duo Stephen Pearson and Ross Wallace respectively. But in a cagey opening period it was a predictable name in the visiting ranks who broke the deadlock, as Austin raced clear of a worryingly exposed City defence to round Tom Heaton and score for the eighth successive game from the first chance of the night. However, McInnes has his own very much in-form frontman in the shape of Davies, who ensured the Robins were only behind for seven minutes before thundering a 25-yard free kick into the top corner. It came from a position just left of centre and not necessarily ideal for a left footer, but the striker cracked a curling drive over the high part of the wall and comfortably beyond Burnley keeper Lee Grant diving high to his right. It was the former Derby County man’s fifth goal for his new club on only his third start, as he extended his run as the only City player to score in this calendar month. Clearly high on confidence, he tried his luck from another dead ball soon after from fully 35 yards. This time it was the raw power approach, but the ball sailed a couple of yards high and wide and Grant could breathe again. Everything positive was coming through Davies, and his inswinging free kick towards the far post only just eluded the onrushing Morris as Burnley smothered the ball to safety. The Clarets had hardly threatened besides the exploits of master poacher Austin, but did have another chance through Paterson ten minutes shy of the interval, only for the Northern Irishman to be flagged offside as his downward header bounced up into the arms of Heaton. At the other end it was Liam Fontaine – perhaps the least likely to find the net – who tried his luck with a speculative half volley when Burnley failed to clear a set piece, but could only find the East End. The visitors had the final say of a watchable first half when captain Jason Shackell stooped to head a right-wing corner goalwards, but again Heaton was well placed to save comfortably. City were quickest out of the blocks after the interval, with Davies again chancing his arm from distance with a shot this time deflected away for a corner, from which Morris tried to place a shot past Grant but only found the keeper’s midriff. But things started to unravel for McInnes and co. just before the hour, when Dean Marney’s deep cross was headed back by McCann against the arm of Wilson, and referee Lee Collins duly pointed to the spot. Austin did the honours, putting Heaton the wrong way with minimum fuss, but that was just the start of the misery, as 2-1 became 3-1 two minutes later. Good work by McCann down the left set up Paterson, who steadied himself before firing against the legs of Richard Foster and cruelly beyond the wrong-footed Heaton at his near post. But City were not finished, and Cole Skuse struck a rising drive over the crossbar before Collins handed the hosts a lifeline, pointing to the spot when Stephen McManus was adjudged to have been blocked off in trying to get on the end of Wilson’s corner. With Davies having been substituted to make way for Ryan Taylor, Baldock took responsibility from 12 yards and repeated Austin’s trick to half the deficit. Anderson looked set to grab the morning’s headlines with a left-footed finish as the clock struck 90, but the only smiles by the end were claret and blue.last_img read more

St. Louis police probe whether officer called protestors ‘domestic terrorists’ on Facebook

first_img Related iStock/Thinkstock(ST. LOUIS) — The St. Louis Metropolitan Police Department is investigating reports that one of its officers posted a meme on Facebook that referred to Black Lives Matter protesters as “domestic terrorists,” according to a local newspaper.The announcement came earlier this week amid protests in St. Louis over a judge’s decision to acquit a white former police officer in the 2011 shooting death of a black man.Lisa Clancy, a participant in the protests, said a St. Louis Metropolitan Police Department officer posted the meme in the comments section of a Facebook post she wrote on Saturday, explaining why she attended the protests, according to the Belleville News-Democrat.Clancy alleged that the officer commented on her original post with a photo from a Black Lives Matter rally with “the Klan with a tan” and “domestic terrorists” superimposed on it.Clancy also posted a screenshot of the interaction on Twitter on Sunday, tagging both the St. Louis Metropolitan Police Department and St. Louis Mayor Lyda Krewson.The controversial comment has since been deleted, and ABC News was unable to reach the owner of the Facebook account in question.A spokesperson for the St. Louis Metropolitan Police Department told the Belleville News-Democrat on Monday that the department had launched an internal investigation into “the matter,” but they did not confirm if the person was indeed one of its officers.Monday morning marchMore than a thousand peaceful demonstrators carrying “Black Lives Matter” signs and ones that read “No Justice, No Profits” took to the streets in St. Louis last week after St. Louis Circuit Judge Timothy Wilson found Jason Stockley, 36, not guilty of first-degree murder and armed criminal action. On Dec. 20, 2011, the then-police officer shot 24-year-old Lamar Smith five times after a high-speed chase and crash.Some 160 people have been arrested since the demonstrations began on Friday, according to figures released by the St. Louis Metropolitan Police Department Tuesday as the protests carried on into a fifth day.Leaders of multiple faiths on Tuesday called for peace and justice amid the chaos that followed Friday’s acquittal. Speakers at the service included Roman Catholic Archbishop Robert Carlson, black church pastors, and Jewish and Muslim leaders.“Let us remember that we are not a divided humanity, but a human family,” Carlson said. “Let us show love instead of hatred.”Protesters gathered outside the jail in downtown St. Louis for more than two hours on Monday to show solidarity with those who remain behind bars, but there was no repeat of the vandalism that occurred over the weekend, according to reports.Organizers of the peaceful protests said they were frustrated with the demonstrators getting unruly at night, saying they could make it harder for them to spread their nonviolent message. Krewson on Tuesday said she’s planning to meet with protesters.“Today we saw again that the vast majority of protesters were nonviolent,” Krewson said during an early morning briefing on Monday. “But, for the third day in a row, the days have been calm and the nights have been destructive.”The St. Louis Police Department also tweeted images of confiscated knives, guns, masks and other types of protective gear from a “rioter” who police said was arrested.Local organizer Anthony Bell said he understands why some act out, but he urged people to remain calm.Copyright © 2017, ABC Radio. All rights reserved.Powered by WPeMaticolast_img read more