Airbnb takes in $1B in third quarter

Airbnb raked in $1 billion in net revenue in the third quarter of 2017, continuing a 17-month streak for the company. The home-sharing company, founded nine years ago, first became profitable during the second half of 2016, Bloomberg reported. Over the last 17 months, Airbnb has reported a profit before interest, taxes and amortization. But last week, Morgan Stanley released a report that indicated Airbnb’s growth may be slowing. According to the report, fewer U.S. […]

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