Earnings redux: Airbnb, CoStar, Redfin 🔥 It could have been worse. That was the takeaway from Airbnb’s first earnings as a public company. Despite the luster of its eye-popping IPO, Airbnb lost $4.6 billion in 2020 and revenue dropped 30 percent year over year to $3.4 billion. The net loss was driven by $2.8 billion in stock compensation related to the IPO, but the pandemic clearly whalloped the travel industry. CEO Brian Chesky used a
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Like most retailers, merchants in Midtown Manhattan’s Diamond District have had to grapple with the impact of the pandemic over the past year. But gem deals are still getting done — to the tune of $400 million per day, according to a Bloomberg News estimate from last summer. It’s not just jewels that are trading hands in the neighborhood. In December, the ELO Organization closed on its $110 million acquisition of the Chetrit family’s 15
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