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A comment on Airbnb Plans to File Confidentially for IPO in August. Parent comment

Re:Airbnb Plans to File Confidentially for IPO in August by geronb on Tuesday August 11, 2020 @07:17PM (#24127072)
I'm an employee and Airbnb is actually doing very well right now. People have been taking a lot of trips to less dense areas as nearby getaways. https://www.financial-world.org/news/news/business/6074/cali...

Same for VRBO, which is also doing very well.

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Re:Airbnb Plans to File Confidentially for IPO in August by CaptainZapp on Wednesday August 12, 2020 @10:06AM (#24132178)
That must be the reason why they fired 25% of their workforce.
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Re:Airbnb Plans to File Confidentially for IPO in August by geronb on Wednesday August 12, 2020 @09:50PM (#24139174)
Layoffs happened when bookings tanked when the pandemic began (February and March). The recovery happened in the later stage of the pandemic, in May and later. Nobody expected this internally or externally and it's alright if you are skeptical. The official numbers will be made public pretty soon anyway.
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