Airbnb files for IPO reveals widening losses

Airbnb filed for its initial public offering (IPO), which revealed widening losses and falling revenues. Airbnb admitted that its losses over the first nine months of 2020 have more than doubled. It is the first time that the company has given public investors a comprehensive picture of its financials. Airbnb has now accomplished all the necessary steps to sell its shares on the Nasdaq Composite in December 2020.