​Airbnb Shares Plunge On Slowing US Demand As Consumer Downturn Worsens – Tyler Durden

Airbnb Shares Plunge On Slowing US Demand As Consumer Downturn Worsens Shares of Airbnb plummeted in premarket trading in New York after the company reported disappointing second-quarter earnings, falling short of Wall Street’s expectations, and issued a warning about slowing demand from US vacationers. This development comes amid rising recession risks in the US, with the consumer downturn worsening for the working poor and middle class due to elevated inflation and high interest rates.  Airbnb warned that it is “seeing shorter booking lead times globally and some signs of slowing demand from US guests.”  Bookings increased 8.7% in the second quarter to 125.1…  — Continue at ZeroHedge News : Read More