Airbnb's Valuation Almost Halved to $18 Billion


Skift Take

Love it or hate it, you can hardly blame Airbnb for a deflated valuation, although not all of the plunge is coronavirus-related. The pain that is infecting travel and other companies at this moment is boundless.

Airbnb is in an existential struggle, as are many of its travel industry peers while nightmarish news is emerging in rapid-fire succession. The year 2020, absent an unforeseen coronavirus pandemic, was supposed to be a banner one for Airbnb with a potential stock market flotation. But the Wall Street Journal reported Tuesday that Airbnb's valuation ha