Airbnb going public...

[r2d2]

Airbnb is moving ahead with plans to go public just months after the pandemic upended the travel industry and forced the startup to lay off a quarter of its workforce. 

On Wednesday, Airbnb announced it had submitted confidential paperwork with the US Securities and Exchange Commission for an initial public offering.

 

Founded in 2008, Airbnb upended the hotel industry by allowing individuals to rent out rooms in their homes for travelers. It became one of the most valuable private startups in the world, reaching a valuation of $31 billion at one point. 

   Airbnb previously said it was profitable in 2017 and 2018, setting it apart from many other unicorn companies who have bled money before and after going public. The company reportedly started losing money in 2019.

But the global pandemic rattled its business and many of the hosts who power it. In May, CEO Brian Chesky wrote in a letter to employees that its business had been "hit hard" and revenue for the year was expected to be less than half of what the company earned in 2019. He also announced that Airbnb would let go nearly 1,900 employees worldwide.

[sattipandu]

not a good time for a hospitality sector 

cant they just raise capital any other way than to rush this ?

[quickgun_murugun]

Waste useless now 

[kumar4world]

1 hour ago, sattipandu said:

not a good time for a hospitality sector 

cant they just raise capital any other way than to rush this ?

May be advantage to buy shares cheap and sell laster when travel improves? IPO date?

[kumar4world]

Off course competition kooda undhi - vrbo

[Deadp0ol2]

Enduku bokka

[Ryzen_renoir]

Terrible timing but the market is completely irrational . It will get insane value for no reason 

Praise the printer  https://brrr.money/

[tom bhayya]

8 minutes ago, Ryzen_renoir said:

Terrible timing but the market is completely irrational . It will get insane value for no reason 

Praise the printer  https://brrr.money/

In Trump we trust antunna DB investors 

[Deadp0ol2]

9 minutes ago, Ryzen_renoir said:

Terrible timing but the market is completely irrational . It will get insane value for no reason 

Praise the printer  https://brrr.money/

Just like Tsla 

[sattipandu]

3 hours ago, Deadp0ol2 said:

Just like Tsla 

lol keep bear-ing