Why Airbnb Stock Crashed This Morning

Airbnb (NASDAQ: ABNB) had a great IPO week last week, first "dramatically" raising its IPO price to a range of $56 to $60 before actually going public, then more than doubling on its first day of trading before pulling back just a bit to close the week.

This week could be a bit different. With a downgrade as the first news of the week, Airbnb is starting off on a down note and falling 8.4% through 1:10 p.m. EST

Image source: Getty Images.

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Source Fool.com