Airbnb has been “cumulatively” free cash flow positive for some time, meaning it’s mostly been free cash flow positive but not every quarter... per sources. This info comes after @theinformation reported the company doubled its operating losses in Q1 to $306M.
So WeWork, which is seconds from totally running out of cash, and Airbnb aren’t similar but that doesn’t mean Airbnb won’t have to face its fair share of skeptics as it readies an IPO of direct listing.
Another key takeaway here is Airbnb has a lot of money readily available for M&A and is well set up for the market downturn everyone has been expecting for like 3 years now.
Now I’m going to try to turn these tweets into a story.