How Airbnb managed an IPO in the worst year for travel
So, you've probably heard the news. But if you haven't, let me get you up to date. Airbnb is going ahead with its IPO, and everyone is excited but cautious.
It's been a tough year for the tourism industry, and Airbnb was no exception. Facing massive cancellations, firings, and an unpredictable global situation, the idea of an IPO seemed bleak.
Then, Airbnb announced a positive third quarter in what seemed an improbable turnaround. In mid-November, it filed its S-1 to go public. How did a company that relied on tourism manage to do this? We'll tell you all about it in this episode of Forensics.
#startups #Slidebean #airbnb
0:00 Airbnb - Intro
0:54 Airbnb - A refresher on Airbnb's history
3:54 Airbnb - Challenges arise
4:17 Airbnb - 2020 takes its toll
6:38 Airbnb - The turnaround
7:57 Airbnb - Questions around the IPO