Airbnb may delay its public float to 2021 as coronavirus sends shivers through the market - Business Insider

, the online rentals firm has been working toward an IPO and was looking to start the process around March or April.

But anonymous sources with knowledge of the matter told the publication that it could get pushed back as the virus continues to spread.Airbnb has faced difficulties of late,in the first 9 months of 2019 compared with a $200 million profit during the same period a year prior. Founded in 2008, Airbnb provides a platform that connects people willing to rent out their homes to guests looking for cheap accommodation, collecting a fee of about 15% from guests and hosts. To date,in more than 100,000 cities across over 200 countries and regions.

But it's possible Airbnb's rapid ascent to global popularity is a problem in itself. The firm is struggling to scale prudently, having spent

Good decision

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market crash: How coronavirus sell-off would confirm a recession - Business InsiderOne Wall Street expert warns the market's coronavirus-driven meltdown could soon confirm a recession is looming — and explains why two-thirds of the damage is already done If things dont become normal by the end of March, then a recession is almost inevitable. Already Q1 is expected to have negative global GDP growth. If it continues at the same rate of spread till the end of March then Q2 would follow suit. But remember 'bUy ThE DiP bRuH' Most Important Secular Perspective Nasdaq 100 Futures... Could confirm something is looming...lols. Wasn't that 'confirmed' a long time before the virus?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Global markets should 'calm down' on coronavirus panic, WHO chief said - Business InsiderWHO director says there's a need to prepare for a 'pandemic' but global markets should 'calm down' as coronavirus wreaks havoc on the global economy 6 reason Why Some People Are More 'Lucky' Fuck economic globalization The world in chaos and there's an incurable disease that's spreading like wild fire and you're like
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market investing strategy, outlook for coronavirus: 8 experts - Business Insider8 of Wall Street's top minds weigh in on whether the market will recover from coronavirus chaos — or if the global economy will be thrown into recession
Source: BusinessInsider - 🏆 729. / 51 Read more »