Airbnb has raised the price of its shares ahead of its initial public offering this week, betting investors will pay more given its resiliency during the pandemic. In a government filing Monday, Airbnb said it expects to price its shares between $56 and $60 each, up from a range of $44 to $50 earlier this month. Airbnb is expected to issue a final share price late Wednesday ahead of its Thursday IPO on the Nasdaq Stock Market. The new price would let the San Francisco-based home sharing company raise up to $3.4 billion in the offering. That's more than double the $18 billion the company was valued at during a private fundraising round in the spring, when the pandemic shut down global travel and its prospects were uncertain.

A self-driving car that collided with and injured a motorcyclist was caused by the human back-up driver. Waymo, the autonomous car division of Google's parent firm Alphabet, revealed the human driver took control of the vehicle before crashing last month. According to Waymo's simulations after the accident, the car would have slowed down and avoided a collision if left to its own devices. Waymo has admitted the fault of the incident lies with the driver and not with its technology. Waymo, the autonomous car division of Google's parent firm Alphabet, revealed the human driver took control of the vehicle before crashing last month The unfortunate incident occurred when the driver felt the need to take control of the Waymo minivan and merge into the outside lane from the centre lane on the highway.