Airbnb Stock Downgraded to Hold by Argus Research Due to Booking Slowdown

Reported about 1 month ago

Argus Research has downgraded Airbnb's stock from Buy to Hold, attributing this decision to a decline in room night bookings on the platform. The downgrade comes amid Airbnb's calls for New York City to relax regulations on short-term rentals, highlighting the challenges the company is currently facing.

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