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LoginBased on previously undisclosed data,Airbnb burned through more than $1.2 billion in cash between mid-2019 and mid-2020。The company has significantly increased spending on recruiting and marketing,Coupled with the epidemic at the beginning of this year, the global tourism market was bleak,Airbnb’s balance sheet weakens further.
This financial document shows,Compared to the 188bet sports betting app download company’s cash holdings in March 2019,Airbnb has lost nearly one-third of its cash。The first quarter of this year has the worst cash consumption。Due to the outbreak of the new crown epidemic,The company had to issue travel refunds。The company’s cash reserves have also been affected by the epidemic。It is reported,Airbnb was originally scheduled to go public later this fall。
188bet app download Source of this article: Sina Technology, original title:《Coming soon,Airbnb has burned through $1.2 billion in cash》.
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