Airbnb swung to a loss for the first nine months of 2019, people close to the company say, raising questions about the valuation and timing of its IPO
Airbnb Inc. swung to a loss for the first nine months of last year as costs climbed sharply, according to people close to the company, raising questions about the valuation and timing of the home-sharing giant’s much-anticipated public markets debut.
The multibillion-dollar startup racked up a $322 million net loss for the first nine months through September 2019, down from a $200 million profit for the same period the year before, one of the people said.
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