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November 17, 2020

Airbnb details years of losses ahead of planned IPO

By DEE-ANN DURBIN
AP Business Writer

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 Monday ahead of a planned initial public offering of its stock.

The San Francisco-based company has yet set a date for the IPO but it is laying the groundwork by filing financial records with U.S. security regulators.


 
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