Airbnb’s Revenue Forecast Disappoints, Stock Drops by 14%
Airbnb Inc. (ABNB) experienced a significant stock price plummet on Wednesday following the company’s prediction of decreased bookings and average daily rates for the ongoing quarter, compared to the previous year. This provoked a massive sell-off, leading to the largest single-day drop in the company’s shares since 2020, with a 14% plunge in early trading,…