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I’m sure we all indulge in a touch of schadenfreude now and then. Given that a number of recent high-profile IPOs (Initial Public Offerings – when a company starts selling their shares to the general public) have not been as successful as expected (Uber) or were cancelled (WeWork) I suspect Airbnb’s is going to be very closely scrutinised by investors. It may mean they have less money to try and overrun local planning regulations.
Airbnb posted a net loss of $322 million for the first nine months of 2019, the Wall Street Journal reported, a dramatic decrease from a $200 million profit a year earlier, which may be a troubling sign for the home-sharing startup as it readies its highly anticipated IPO.
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