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Good morning from the newsroom of the Financial Times.

Today is Thursday, November 7th, and this is your FT news briefing.

AirB&B is fetching valuation by investors in the secondary market.

And the Department of Justice is accusing two former Twitter employees of using the

social media platform to spy for the Saudi government.

Plus, Emmanuel Macron's government is rolling out a new stricter immigration policy.

It's meant to appeal to voters on France's far right.

The F.T.'s Victor Mallet explains how a crackdown on certain migrants and foreign workers

could change the face of the country.

I'm Mark Filipino and here's the news you need to start your day.

Airbnb is planning to go public in 2020, but some investors are looking to get in line

for a piece of the action now.

Sources tell the FT that the home rental platform is being valued at up to 42 billion dollars by

investors buying indirect stakes in Airbnb.

It was last valued at 31 billion dollars during a fundraising round in 2017. Venture capitalists in Silicon Valley

and private market brokers have created dozens of special-purpose vehicles. Now

investors in these vehicles don't actually own direct economic stakes in the company,

but they do hold rights to proceeds from a future IPO or sale.

Airbnb is seen as a relatively safe bet by investors compared with some of the other big names to hit the public

markets this year.

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