Airbnb’s Valuation Almost Halved to $18 Billion

Airbnb is in an existential struggle, as are many of its travel industry peers while nightmarish news is emerging in rapid-fire succession.

The year 2020, absent an unforeseen coronavirus pandemic, was supposed to be a banner one for Airbnb with a potential stock market flotation. But the Wall Street Journal reported Tuesday that Airbnb's valuation has plummeted from $31 billion at its fundraising a couple of years ago to $18 billion at its $1 billion financing disclosed Monday.