Airbnb update
-- Airbnb reported a loss of $3.89 billion in its first earnings report since its IPO in December.
-- However, the company beat expectations for revenue.
-- The company blamed much of its loss on charges related to the IPO.
The company said it continues “to have limited visibility for growth trends in 2021 given the difficulty in determining the pace of vaccine roll-outs and the related impact on willingness to travel.”
Airbnb stock price dropped below $180, the channel was broken as well. I'd expect downtrend continuation.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.