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David
As Airbnb ramps up marketing by 5.8% to $367M ahead of its possible 2020 IPO, 1Q2019 operating loss doubled year-on-year to $306M.
Airbnb said in a statement:
"2019 is a big investment year in support of our hosts and guests."
Analysts speculate losses of this magnitude may make potential investors skeptical, adversely impacting any IPO valuation.
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