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

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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