Reported 25 days ago
Airbnb's stock rose over 14% after CEO Brian Chesky announced plans to transform the app into a comprehensive platform for travel and living, likening it to Amazon. The company intends to introduce new businesses every year for the next four to five years, aiming to increase user engagement from once or twice a year to weekly. While the fourth-quarter revenue exceeded expectations, analysts advised caution due to potential margin compression from the upcoming investments.
Source: YAHOO