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Airbnb files for its long-awaited IPO

Airbnb on Monday filed for a $1 billion initial public offering, which is expected to price in December.

Financials: Airbnb reports nearly a $700 million net loss on $2.5 billion in revenue for the first nine months of 2020, versus a $322 million net loss on $3.7 billion in revenue for the year earlier period. But it also reports $219 million in profits for the third quarter of 2020.


  • The company was profitable in 2017 and 2018, but lost money in 2019.

Investors: Airbnb raised around $6.4 billion from venture capital and private equity firms. It was valued at $31 billion in a late 2017 round, but at only $18 billion when it secured an emergency equity and debt round in the pandemic's early days.

  • Major shareholders include Silver Lake, Sequoia Capital,, Founders Fund, Accel, DST Global and Greystar Real Estate.

IPO details: Airbnb plans to list on the Nasdaq under ticker symbol ABNB, with Morgan Stanley and Goldman Sachs as lead managers.

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Cities are facing the age of constant crises

The era of tackling one crisis — or even two — at a time is over.

Why it matters: The new normal is a series of crises hitting simultaneously, and localities are bearing the brunt.

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Decisive meeting between U.S., Israel and UAE could lead to Israeli-Sudanese normalization

U.S., Emirati and Sudanese officials will hold a decisive meeting in Abu Dhabi on Sunday on a possible normalization agreement between Sudan and Israel, Sudanese sources told me.

Why it matters: If the U.S. and the UAE accommodate Sudan’s requests for economic aid, an announcement on a normalization agreement with Israel similar to the ones struck with the United Arab Emirates and Bahrain could be made within days, sources briefed on the process tell me.

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Axios-Ipsos poll: The coronavirus wakeup call

Data: Axios/Ipsos poll; Note: ±3.1% margin of error for November poll, ±3.3% for October; Chart: Andrew Witherspoon/Axios

The nationwide surge in coronavirus infections is prompting someAmericans to take high-risk behaviors more seriously, according to the latest installment of the Axios-Ipsos Coronavirus Index.

Why it matters: Our latest survey shows that more people — and more Republicans, in particular — are attuned to the risks of indoor activities. That’s a positive sign, if the U.S. has any hope of getting this latest outbreak under control.

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Rural America could fall behind on coronavirus vaccination

Rural America's weak health care infrastructure, combined with vaccine hesitancy and the complexities of the distribution process, will make it much harder to vaccinate rural America against the coronavirus.

Why it matters: Rural areas are getting slammed by the virus, with some of the highest caseloads and most overworked hospitals anywhere in the country.

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