Airbnb valued at $100 billion following blockbuster IPO — equivalent of more than five Expedias
GeekWire
DECEMBER 10, 2020
Airbnb was founded in 2008, nine years after Microsoft spun off Expedia into a public company. Meanwhile, its net loss more than doubled to $696 million for the first nine months of this year, sparked in part by the decline in the travel business due to COVID-19. By comparison, Expedia Group posted revenue of $4.2 billion.
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