Thursday, May 26, 2011

Ashton Kutcher on Speculative Investing

NYT profiles Kutcher's approach to investing:

His firm’s latest and largest investment, to be announced Thursday, is in Airbnb, a start-up company in San Francisco that matches budget-conscious travelers with local people who are willing to rent out their spare bedrooms.

Airbnb has more than 60,000 listings, from seaside apartments in Barcelona to houseboats in the Bay Area. It charges a fee for each reservation and says its users have booked more than a million nights through its service.

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