Equity shot: Airbnb's IPO is finally here

Today we have an Equity Shot for you about Airbnb's S-1 filing, as it looks to go public before the year is out. First we get into Airbnb's macro performance, which shows a stable picture historical revenue growth. There is a ton of numbers to get to so get ready for a quick dive into net revenue, gross margins, and losses. Then we discuss the dramatic drop in bookings, the promising comeback, and if short-term travel is Airbnb's future. There's a weird quarter of profitability that you should all know about, and a heads up on what to look for in Q4 numbers. Finally, we talk about the bullish and bearish case on Airbnb, which poetically filed the same day that Moderna announced a promising vaccine trial.