Industry Update

Home-sharing company Airbnb Inc.’s most-recent financial data shows its strong cash position and a first-quarter growth rate above 30%, both key metrics that will draw investors as the startup positions itself to go public next year. The San Francisco-based travel company had about $3.5 billion in cash on its balance sheet as of March 31, according to multiple people familiar with Airbnb’s finances. Source: https://www.wsj.com/articles/airbnbs-first-quarter-financials-show-strong-growth-rate-cash-reserves-11565998183