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Airbnb has navigated the pandemic better than its rivals — but the company’s uncertain future depends heavily on forces beyond its control (ABNB)

Airbnb Brian Chesky

Summary List Placement

Airbnb made its initial public offering documents available to the public Monday, revealing $696.6 million in losses during the first three quarters of what has been a tumultuous year for the company.

At one point, Airbnb’s bookings in Beijing — an early COVID-19 hot-spot as well as a key growth market for the company — had plummeted 96% from pre-pandemic levels. Airbnb was forced to drastically cut costs worldwide, including laying off 25% of its workers, cutting all marketing spending, and raising $2 billion in emergency read more ⇒

Source:: BusinessInsider.Com

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