Airbnb stock falls sharply despite earnings beat, plan to repurchase $2 billion in stock
Airbnb Inc. said Tuesday that it had its first profitable second quarter as a public company, and that it is so confident in its business that it is buying back $2 billion of its stock. “Our Q2 results demonstrate that Airbnb has achieved growth and profitability at scale,” Chief Executive Brian Chesky said during prepared …
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