[rchaud]

> Also, why raise at 10% interest when interest rates are so low?

There's an old proverb in finance that goes:

"If you borrow a million and can't pay it back, you're in trouble.

If you borrow a billion and can't pay it back, the bank's in trouble."

There was no way Airbnb was going to get that kind of cash at anywhere near 'market rates'.