What Happened? Shares of online accommodations platform Airbnb (NASDAQ:ABNB) fell 6.2% in the afternoon session after Barron's said Meta's Muse can make bookings itself, which is the transaction Airbnb charges for when a guest reserves a home. Anita Hamilton wrote that Airbnb and Booking were falling alongside Expedia because Muse can book flights and places to stay, the transaction those sites charge for. Booking was down 2.6% in Tuesday's session, Maeil Business Newspaper reported. Both are still lower Wednesday, with consumer internet down 4.92% at the open. Airbnb was a bit weaker than the group. Booking was slightly better than the group and still down.The mechanism is the same as Expedia's.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.
