Airbnb Inc. filed to go public Monday in a widely anticipated move that comes even as it struggles amid a renewed pandemic-driven travel slowdown.
The company plans to list on the Nasdaq under the ticker ABNB.
Airbnb, which connects hosts with renters over its online platform, repeatedly cited the impact of COVID-19 in its S-1 filing with the Securities and Exchange Commission.
“COVID-19 has materially adversely affected our recent operating and financial results and is continuing to materially adversely impact our long-term operating and financial results,” the company said in the filing. “However, we believe that as the world recovers from this pandemic, Airbnb will be a vital source of economic empowerment for millions of people.” Read more…..
Chart of the Day
Jeff Bezos’ Top 50 Rules For Success. While in high school, he worked at McDonald’s as a cook. He quit his high paying job in New York to start Amazon. Forbes described Bezos as “far richer than anyone else on the planet”. He’s Jeff Bezos and here’s my take on his Top 50 Rules for Success!