In a letter to investors, Airbnb said it is"preparing for the travel rebound" in 2021 after seeing bookings through its platform drop 41% in 2020 as people largely stayed home due to the pandemic."As the vaccine is rolled out and restrictions lift, we expect there will be a significant travel rebound," the company wrote in the letter. DoorDash, by contrast, has benefited greatly from people ordering food and essential items while staying at home, with revenue of $2.
DoorDash said that this return to normal could result in"declines in consumer engagement and average order values, though the precise amount remains unclear."Read MoreWhile shares of Airbnb were essentially flat in after-hours trading Thursday following the earnings report, DoorDash stock fell more than 11%. Both companies remain well above their IPO prices.For now, both companies continue to face challenges.
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