AIRBNB DETAILS YEARS OF LOSSES AHEAD OF PLANNED IPO
Nov 21, 2020
2 minutes
Airbnb was losing money even before the pandemic struck and cut its revenue by almost a third, the home-sharing company revealed in documents filed this week ahead of a planned initial public offering of its stock.
The San Francisco-based company has yet to set a date for the IPO but it is laying the groundwork by filing financial records with U.S. securities regulators.
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