Facebook beat Wall Street analyst’s expectations, who estimated revenue at $1.53 billion. Shares were also reported at 17 cents, while the Street was expecting 15 cents. The company also announced net income of $64 million.
TechCrunch reports that Airbnb has closed a $500 million funding round that valued the company at $10 billion. The round, which was led by the TPG private equity firm, brings Airbnb’s total funding to $826 million. [Source: TechCrunch]
Last January, Yahoo’s chief operating officer of 15 months Henrique De Castro was fired. According to SEC filings made public yesterday, his severance package came out to $58 million. [Source: The Washington Post]