1252 days ago • Posted by Charles-Henry Monchau
Airbnb submitted its IPO filing Monday, becoming the latest big name to join the push to go public despite the COVID-19 pandemic
The global online-rental marketplace’s business was severely impacted and continues to be affected by the coronavirus pandemic. But in a testament to what Airbnb calls its resilient business model — combined with deep cost-cutting prompted by the pandemic when it first hit — the San Francisco-based company posted a third-quarter profit of $219 million on revenue of $1.34 billion. Still, it warned of continued challenges, mentioning strict new lockdowns in Europe - source: The Market Watch
