Airbnb shares drop 12% as company flags weakening US demand

Vacation rental company reports second-quarter profit of $555m compared with last year’s $650m

The vacation rental company Airbnb forecast third-quarter revenue below Wall Street estimates on Tuesday and reported a lower second-quarter profit, as it flagged weakening demand from US customers.

Shares of the company were down about 12% after the bell. Continue reading...


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