Airbnb (ABNB) Stock News

Airbnb announced a suite of new services: meal delivery in select European cities, expanded grocery delivery to Europe, laundry service via Rinse in select US cities, baby gear rentals via BabyQuip in 60+ US cities starting November, and local gear rentals in the French Alps and South Florida. The additions aim to make stays more convenient and boost platform revenue.

Airbnb will offer cribs, strollers, and high chairs delivered to vacation rentals in over 60 U.S. cities. The service aims to simplify family travel by eliminating the need to bring or rent baby equipment separately.

Expedia-Muse partnership pressures Booking Holdings, Airbnb - Morgan Stanley

Airbnb shares fell 7.6% to $149.58 during a broad market decline. The S&P 500 lost 0.8% and the Dow fell 0.7%. Trading volume hit 13.6 million, well above the 50-day average of 4.6 million. The stock closed 22.7% below its 52-week high. No specific catalyst was cited by the report.

airbnb $ABNB: today it is expanding its grocery delivery service with instacart $CART across the United States 🇺🇸 and Canada 🇨🇦 letting guests order groceries through its app.

Morgan Stanley began covering Airbnb with an Equal Weight rating and a $170 price target. The neutral initiation provides a benchmark for the stock's current valuation.

Airbnb is creating a $250 million fund to invest in housing projects. The fund is aimed at supporting housing development. No further details on structure or timeline have been released.

Airbnb is testing lower host fees in the U.S., reducing its average take from 16% to as little as 6%, according to a report.

Airbnb CEO Brian Chesky said AI writes 60% of the company's code. The claim comes from an unverified source. No further details were given.