Airbnb files for IPO reveals widening losses

Airbnb filed for its initial public offering (IPO) revealing widening losses and failing revenues. Airbnb admitted that its loss for the first nine months of the year 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 steps to sell its shares on the Nasdaq public stock market in December 2020.