As Airbnb Shares Plunge, CEO Says ‘It’s a Good Time to Buy’

Airbnb Inc. Chief Executive Officer Brian Chesky’s response to his company’s disappointing outlook and an ensuing share-price plunge: “I’m confident it’s a good time to buy.”

Chesky posted his comment on X in response to someone asking about his company’s latest earnings results.

Airbnb’s shares plunged by as much as 15% in New York on Wednesday, their biggest intraday drop since the company went public in 2020, after the firm said it was seeing some signs of slowing demand from US guests. Airbnb issued a third-quarter outlook that fell far below Wall Street’s expectations.

Read more: Airbnb Shares Slide ...