Airbnb plans on raising capital and going public with the situation occurring. Due to the coronavirus it has impacted the home-sharing company leaving them with many losses. The company allows people to list their properties for rent on the marketplace. Booking have been decreasing worldwide and only getting worse. Last year Airbnb did not go public when the stock market was soaring leaving many board members unhappy with the decision. Believing stock options will become worthless beyond the end of the year.
Before the pandemic, Airbnb had more than two million people booking every night worldwide. Now it has significantly decreased offering full refunds for cancellations but are fully aware that this will only be temporarily until the moment passes.
https://www.wsj.com/articles/airbnb-racks-up-hundreds-of-millions-in-losses-due-to-coronavirus-11584723498?mod=searchresults&page=1&pos=1
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