Airbnb Racks Up Hundreds of Millions in Losses Due to Coronavirus - News Summed Up

Airbnb Racks Up Hundreds of Millions in Losses Due to Coronavirus


Airbnb Inc. is considering raising capital from new investors, as the home-sharing giant wrestles with escalating losses due to the devastating impact of the coronavirus pandemic on its global business, according to people close to the company. The pandemic has also thrown into disarray Airbnb’s plans to go public this year, and the company’s board and investors are divided over the best path forward, according to people familiar with the matter.


Source: Wall Street Journal March 20, 2020 17:04 UTC



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