The travel company's share price shot up to more than $168 at one point after an initial price of $68 per share on Thursday, the company's first day on the Nasdaq
Matt Roberts said that once lockdowns lifted, Americans flocked to short-term rentals, though their preferences are changing
The short-term rental platform lost nearly $1 billion during the first half of 2020. But a rebound in travel actually allowed it to turn a profit in the third quarter
As customers return to the platform, they're looking for longer-term stays and the ability to bring pets with them, according to Airbnb CEO Brian Chesky
Although the company has provided few details, the announcement at leasts ends months of speculation that Airbnb was on the verge of an IPO
According to a recent Airbnb survey of 2,200 Americans, more than 50% of travelers are ditching their big city travel plans for nearby destinations
The firm also indicated its industry appears to be recovering from the lows of the coronavirus pandemic
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The layoffs come as the pandemic has largely stopped global travel and after Airbnb previously undertook cost-cutting measures
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The partnership comes amid what Airbnb says is a rise in 'heritage travel,' or trips people take to connect with their ancestors' homelands
The acquisition reportedly comes as Airbnb prepares to go public sometime over the next couple of years
The online short-term rental platform is launching an office to tackle tourism overcrowding around the world
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