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by aresant 5505 days ago
An interesting quote from AlleyInsider on this:

"They're probably going to need the money for customer acquisition. AirBnB is in the highly competitive travel space, where it's very expensive to acquire customers. From Paris, AirBnB has the top Google ad for "vacation rental", which has to be a pretty expensive click. "

via http://www.businessinsider.com/airbnb-billion-funding-dst-an...