In December, Airbnb’s blockbuster IPO launched, with share prices opening at $144.71 (€117.87), 115 per cent higher than the most recent price target, and 192 per cent higher than the initial pricing range.

Subsequently, share prices reached a high of $163.19 (€132.92), before beginning to decline in the wake of alarm surrounding the new, more infectious strain of COVID-19 that ostensibly originated in the UK.

Since then, Airbnb, which in 2019 was reported to host over 8,760 properties in Malta and Gozo, has seen share prices consistently decline, falling 10.04 per cent from 22nd to 31st December, and a further 5.21 per cent on Monday, to $139.15 (€113.34).

Related

Ryanair

Ryanair announces Winter 2023 schedule cuts caused by major Boeing delivery delays

September 28, 2023
by Anthea Cachia

The airline was set to receive 27 aircraft between September and December but will now only receive half

World’s most popular search engine, Google, turns 25

September 27, 2023
by Anthea Cachia

In one way or another, Google has become an influential factor in the operations of everyday life

That’s all folks! Netflix officially marks the end of its DVD-mailing era this week

September 26, 2023
by Anthea Cachia

The rental system was meant to last around four to five years, but instead it went on for 25 years