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Airbnb

Airbnb turned profitable in the second half of 2016, as first reported by CNBC and since confirmed to Axios by a source familiar with the situation. The San Francisco-based company also disclosed in SEC filings that it has expanded its previously-announced Series F funding from around $555 million to more than $1 billion.

Why it matters: Airbnb continues to be the Silicon Valley "mega-unicorn" with the smallest likelihood of being disrupted itself, despite ongoing municipal regulatory battles over taxes and affordable housing. And by turning profitable ― which the company expects to persist through 2017 ― it should have greater flexibility to expand.

Going forward: There continues to be no indication that Airbnb plans to go public in 2017, in part because it still needs to sort out the aforementioned regulatory issues in big media markets like New York.

Go deeper

Kendall Baker, author of Sports
28 mins ago - Sports

2021 Tokyo Olympics hang in the balance

Illustration: Aïda Amer/Axios

10 months ago, the Tokyo Olympics were postponed. Now, less than six months ahead of their new start date, the dreaded word is being murmured: "canceled."

Driving the news: The Japanese government has privately concluded that the Games will have to be called off, The Times reports (subscription), citing an unnamed senior government source.

Biden's centrist words, liberal actions

Illustration: Sarah Grillo/Axios

President Biden talks like a soothing centrist. He promises to govern like a soothing centrist. But early moves show that he is keeping his promise to advance a liberal agenda.

Why it matters: Never before has a president done more by executive fiat in such a short period of time than Biden. And those specific actions, coupled with a push for a more progressive slate of regulators and advisers, look more like the Biden of the Democratic primary than the unity-and-restraint Biden of the general election.

2 hours ago - Technology

Review of Trump ban marks major turning point for Facebook

Photo Illustration: Aïda Amer/Axios. Photo: Saul Loeb/AFP via Getty Images

Facebook's decision to ask its new independent Oversight Board to review the company's indefinite suspension of former President Trump is likely to set a critical precedent for how the social media giant handles political speech from world leaders.

What they're saying: "I very much hope and can expect … that they will uphold our decision," Facebook's VP of global affairs Nick Clegg tells Axios.