Airbnb shares surge over 11% following announcement of $12 billion share buyback plan
ABNB Airbnb Inc
$189.99 +11.67%
View chart & analysis → - 1Airbnb shares surged more than 11% on Friday.
- 2Airbnb recorded $4.9 billion in third-quarter revenue, achieving a 19% year-over-year revenue growth rate.
- 3Airbnb announced a $12 billion share buyback plan.
So what's the key point?
Airbnb shares rose more than 11% following news of significant revenue growth. The company decided to buy back $12 billion worth of its own shares, which is positive news for investors.
Source The Motley Fool +1 · View original ↗
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