What Airbnb learned from the pandemic saved its IPO
At the start of the COVID-19 pandemic in the U.S., when the country entered widespread lockdown and travel ground to a halt, Airbnb’s business crashed. Its Q2 revenue dove 67{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} and losses ballooned to $400 million. By April, its valuation had reportedly fallen to $18 billion from $31 billion