An 'ultimate backbreaker' sparked a record plunge in Airbnb stock after earnings
Airbnb CEO Brian Chesky
Mike Segar/Reuters
- Airbnb stock fell a record amount after the company reported earnings after the bell on Tuesday.
- The company noted US demand is slowing and that marketing costs are expected to rise.
- Analysts from RBC said higher marketing spend amid slowing demand is a bad sign.
Airbnb stock dropped by the most on record on Wednesday as the company reported second-quarter earnings that revealed it is seeing a slowdown in demand from travelers in the US.
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