Wednesday, December 2, 2020
Home Janmat Samachar Airbnb Plans to File Confidentially for IPO in August

Airbnb Plans to File Confidentially for IPO in August

Airbnb was preparing for an IPO this year in 2020, but it halted the efforts when as the coronavirus pandemic crushed the stock market and shut down travel globally, hampering its business. Airbnb Company CEO Brian Chesky warned that thanks to the epidemic, Airbnb expected its revenue for this year to be less than half what it was last year. The company fired off 25% of its staff and hundreds of contract workers, and borrowed $2 billion from banks.

Now CEO Brian Chesky told employees that its 2020 revenue will be less than half of what the company earned in 2019. The pandemic is a huge backpain for the short-term rental company as it has shunned the travel and hospitality industries.

Airbnb growth has dropped to $18 billion from the $31 billions.


Abid Ali
Sr. Content Editor & Social Media Manager at Janmat Samachar. Has Passion for writing about the Nation & the World and irrefutably telling about their issues to the masses.

Most Popular

Delhi Chief Secretary launches NDMC’s ‘Plastic Lao,Mask Pao’ Kiosk at Connaught Place, New Delhi

New Delhi: The ‘Plastic Lao – Mask Pao’ campaign is launched at Charkha Museum in Connaught Place on 1 st December 2020, in partnership...

India’s internal problem is no option for other country’s politics: Shiv Sena MP

MUMBAI: While objecting to the alleged remarks of Canadian Prime Minister Justin Tudrow on the farmers' protests against the recently passed agricultural laws by...

Sunny Leone shared her ‘mood’ with fans

MUMBAI | Bollywood actress Sunny Leone told fans about her mood through her new social media post. The actress shared a picture on her Instagram, in which...

After a brief appearance, the police sent Bilkis Dadi back from the Singhu border

NEW DELHI: Delhi Police sent 82-year-old Bilkis Dadi, who became the face of anti-CAA protest at Shaheen Bagh, back soon after reaching the Singhu...