Daily Crunch: Airbnb takes a $1B loan

Airbnbtakes on new debt as it adapts to a world without tourism, Apple announces a new entry-level iPhone and Google lowers Nest camera quality.
Here’s your Daily Crunch for April 15, 2020.
1. Airbnb ups its debt by $1B amid the coronavirus travel crunch
Airbnb has secured commitments of $1 billion for a syndicated term loan from institutional investors. The emergency cash injection comes as the coronavirus travel freeze continues to hammer vacation rentals, with holidaymakers locked down