Airbnb, a global B & B short rental apartment booking platform, officially applied for listing on Monday, US local time. Airbnb said it plans to trade on NASDAQ under the code “abnb”. Data show that the third quarter revenue of airbnb was $1.34 billion, down nearly 19% from $1.65 billion in the same period last year, but its net profit reached $219 million, turning losses into profits. < / P > < p > in 2019, airbnb reported a net loss of $674 million and revenue of $4.81 billion. So far in 2020, the company has revenue of $2.52 billion and a net loss of nearly $697 million. This decline may be novel coronavirus pneumonia, which has curbed leisure and business travel earlier this year. < / P > < p > in its prospectus, the company emphasizes the establishment of a community around landlords and guests and positions the community as an important factor that distinguishes it from its competitors. The company said it would provide 9.2m non voting shares in a endowment fund for landlords. < / P > < p > airbnb said in the prospectus Abstract: “our guests are not only involved in the transaction, they are also part of our community. When they become part of airbnb, they will actively participate in our community building, regularly return to our platform to book again, and recommend airbnb to other people who join later. This demand encourages new landlords to join, which in turn attracts more guests. It’s a virtuous circle. ” The novel coronavirus pneumonia and Airbnb mitigation actions are listed as the first risk factor in

‘s prospectus. It is expected to continue to have a significant adverse impact on its business, business performance and financial position. The company listed booking holdings, Expedia group, Google, TripAdvisor, trivago, Craigslist, Marriott and Hilton as competitors. < p > < p > airbnb divides the shares into three categories, in which class a shareholders will get one vote per share, while class B Shareholders (including founders and early investors) will receive 20 votes per share. Class H shares have no voting rights and are mainly issued to long-term landlords. < p > < p > airbnb has experienced many difficulties in 2020. As the epidemic hit travel businesses around the world, the company raised $2 billion in debt financing with a valuation of $18 billion and announced major cost reduction measures, including plans to cut 25% (nearly 1900 employees) and substantially cut marketing costs. < / P > < p > however, airbnb’s business rebounded after soaring rents in rural areas, as more residents fled the epidemic hit cities. The company said in its prospectus that it began to rebound within two months after the outbreak. “< p > < p > airbnb wrote:” at the beginning of 2020, the business of airbnb will decline significantly due to the disruption of global travel caused by the epidemic. But within two months, our business model began to rebound, even in limited international travel, showing great flexibility. People want to get out of their homes and travel, but they don’t want to go too far and stay in crowded hotels. As millions of tourists choose to travel closer to home, airbnb’s travel business around the world has rebounded rapidly. As work at home on airbnb has become more popular, guest stays have begun to increase. We believe that the line between travel and life is blurring and that the global epidemic has accelerated the ability of people to live anywhere. It turns out that our platform can adapt to these new ways of travel. ” < p > < p > airbnb said the number of listed houses has declined and is likely to continue to decline, partly due to the impact of the epidemic. In its risk factors, the company wrote: “it is not clear what financial impact will be on landlords when travel is substantially reduced during the outbreak, and whether they will be able to keep their homes or run their own businesses as travel recovers. If landlords are not able to resume normal operations in the short term, our business, results of operations and financial condition may be materially and adversely affected. ” < / P > < p > unusually, the board of directors of airbnb has established a shareholder committee whose mission is to protect the interests of “key shareholders”, including guests, landlords, communities and employees. In March, airbnb launched a cancellation policy and said it would provide full refunds to customers affected by the outbreak. Since then, there have been a lot of problems between airbnb and the landlord. < p > < p > later, airbnb announced that it would set up a $250 million new coronavirus relief fund for landlords to return the 25% compensation they would normally receive under the cancellation policy, but many landlords interviewed complained that they had not received compensation or any payment. In November, airbnb faced a class action lawsuit filed by its landlord, accusing the technology company of violating its contract with the landlord in carrying out its policies. Privacy Policy

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