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Stock impact report

Weaker Demand Outlook Dragged Airbnb (ABNB) in Q3 [Yahoo! Finance Canada]

Airbnb, Inc. - Class A (ABNB) 
Polen Focus Growth Strategy highlighted stocks like Airbnb, Inc. (NASDAQ: ABNB ) in the third quarter 2024 investor letter. Headquartered in San Francisco, California, Airbnb, Inc. (NASDAQ:ABNB) operates a platform that connects hosts and guests. The one-month return of Airbnb, Inc. (NASDAQ:ABNB) was -0.05%, and its shares gained 5.15% of their value over the last 52 weeks. On November 12, 2024, Airbnb, Inc. (NASDAQ:ABNB) stock closed at $133.20 per share with a market capitalization of $83.22 billion. Polen Focus Growth Strategy stated the following regarding Airbnb, Inc. (NASDAQ:ABNB) in its Q3 2024 investor letter: "Airbnb, Inc. (NASDAQ:ABNB) declined in the period on concerns around a weaker demand outlook for the quarter as well as increasing marketing spend planned for the second half of 2024, pressuring near-term margins. Given the company's exposure to the health of the consumer and related willingness to spend on leisure travel, we believe it's important to take a step b Show less Read more
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