Is airbnb Really Worth $10 Billion?

Airbnb squatters expose ‘sharing economy’ hype
Insight: Will condo controversy affect rental service’s valuation?

From the Wall Street Journal, August 5, 2014

It’s a bit mind-boggling that Airbnb, fraught as it is with legal issues, is valued so highly, although admiteddly $10 billion is the new $1 billion valuation for hot startups in the current over-heated tech boom. For example, ride-sharing service, Uber Technologies Inc., received additional funding in June at a valuation of $18.2 billion, … ”