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Is Airbnb Stock a Buy?

Is Airbnb Stock a Buy?

Airbnb's (NASDAQ: ABNB) December IPO comes at a calculated time. The coronavirus pandemic has battered the tourism industry, sending the peer-to-peer accommodation company's revenue down 32% year over year to $2.5 billion and expanding its operating loss to $490 million in the nine months ending September 2020. The public listing gave Airbnb a much-needed capital infusion of $3.5 billion and allowed early investors to cash out of their positions.