Airbnb has announced that it intends to go public in 2020. The home-sharing site on Thursday posted a brief press release announcing that it plans to become a publicly traded company next year.
It declined to provide additional details in today's announcement. In a press release published yesterday, however, the company highlighted a number of recent milestones. Airbnb says it took in more than $1 billion in revenue in Q2 2019, and that Airbnb hosts have earned more than $80 billion to date.
Airbnb currently has more than 7 million listings -- that's more than the top five hotel chains combined -- in more than 191 countries and more than 100,000 cities. But the company's rapid growth has not been free from controversy.
Users have complained about issues including major cities in and , due to concerns ranging from "touristification" to rising housing costs to data sharing.and . And the company has attracted both lawsuits and in an increasing number of