Here’s Why Airbnb Stock Was Down Almost 19% in May
What happened
Shares of Airbnb(NASDAQ:ABNB) were down 18.7% in May, according to data provided by S&P Global Market Intelligence. The stock was down around 25% for the month following the release of financial results for the first quarter of 2021 on May 13. But late in the month, the stock bounced back a little after management shared over 100 upgrades to its platform on May 24.
So what
For the first quarter, Airbnb’s revenue returned to growth after a drop in revenue in 2020. First quarter revenue…
