Airbnb Inc. shares plunged by the most ever after the company issued yet another disappointing outlook and warned of slowing demand from US vacationers.
Bookings rose 8.7% in the second quarter to 125.1 million, falling well below analysts’ estimates. And Airbnb said it expects “sequential moderation” of growth in bookings in the third quarter, too, signaling that results will disappoint analysts who had projected an 11% gain amid the peak summer travel season.
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