Re:Airbnb S-1
by Germanika on Monday November 16, 2020 @06:23PM
(#25118388)
You're not far off on your numbers, they laid off around 1900 people back in May, out of ~7500 employees.
I would think the IPO is happening despite the pandemic, not because of it. They had been planning to go public long before the IPO hit, so I wouldn't read into that too much. I definitely have similar reservations about the company as you do though. I get the impression the tide is generally turning against the airbnb model at least within major cities.
I would think the IPO is happening despite the pandemic, not because of it. They had been planning to go public long before the IPO hit, so I wouldn't read into that too much. I definitely have similar reservations about the company as you do though. I get the impression the tide is generally turning against the airbnb model at least within major cities.