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Why Airbnb Stock Fell 11% in April

TheMotleyFool

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Shares of travel company Airbnb (NASDAQ: ABNB) dropped 11% in April, according to data provided by S&P Global Market Intelligence. That was at the same time that the S&P 500 fell 8.8%.

Shares had been rising based on the company's exceptional performance and massive tailwinds, and the market seemed to simply be correcting itself. Additional pressure from general market volatility probably contributed as well.

Image source: Airbnb.

Source Fool.com

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