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Airbnb Struggles Financially, Prepares Safety Features

  • Fortune, Thursday, February 13, 2020 5:31 PM
Airbnb experienced a net loss of $322 million in the first nine months of 2019, down from a profit of $200 million during the year-earlier period. “Perhaps more ominous: These losses don't reflect new spending that Airbnb committed to late last year, to improve safety across its sprawling network of vacation rental homes,” according to Fortune. “Last fall, six weeks after Airbnb announced its intention to go public in 2020, the company was hit by a wave of bad publicity about its safety practices, involving a fatal Airbnb house party shooting and a viral exposé documenting a widespread scam on the platform.”

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