Airbnb burned through $1.2 billion ahead of IPO: The Information

Airbnb burned through more than $1.2 billion in cash between mid-2019 and mid-2020, ahead of its high-profile initial public offering (IPO), the Information reported on Wednesday, citing financial documents. The cash burn depleted more than a third of the company’s cash reserves as of March 2019, after the COVID-19 pandemic-led plunge in global travel […]

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