Tech Stocks Continue Drags Sustained Fall into October
One of the primary drivers of the recent tech stock downturn is the surge in bond yields.
Airbnb is now searching a way to leverage the blockchain in order to create a global and universally readable userbase.
One of the primary drivers of the recent tech stock downturn is the surge in bond yields.
Additionally, Airbnb is looking to leverage the power of OpenAI’s GPT-4 large language model to enhance its customer service department.
Swedish fintech mainstay Klarna cut its Q1 net loss to $120.7 million while boosting operating income by 22% YoY.
Airbnb stock price crashed as the company shared a cautious stand for the second quarter. However, Airbnb sees a strong demand boost during the summer season ahead.
Yesterday’s higher stocks close indicates that the US economy is holding up amid the Fed’s interest rate hike agenda.
In the earnings report, Airbnb noted that net revenue in Q4 2022 rose from $55 million in Q4 2021 to $319 million.
The TRIP stock came under pressure as the company flagged a slowdown in revenue for Q4. for the ongoing quarter, TripAdvisor expects the revenue to rise in the low-single-digit range from 2019.
Airbnb had a good Q3 2022 outing, but considers that prevalent macroeconomic headwinds may impact its Q4 performance.
The company will maintain an office in Beijing with hundreds of employees to serve Chinese outbound travel.
Airbnb stock has largely remained indifferent to the ongoing war but in terms of investor sentiment, the shares have taken a beating in relation to other tech stocks on Wall Street.