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Why Airbnb Stock Fell Today

Why Airbnb Stock Fell Today

Shares of Airbnb (NASDAQ: ABNB) finished lower today as Morgan Stanley downgraded the stock and due to a broader sell-off on fears of a recession. Morgan Stanley analyst Brian Nowak lowered his rating from equal weight to underweight on the home-sharing stock as he foresaw constrained supply growth for the company. Nowak noted that supply growth, or available listings, are a key driver of Airbnb's business as it needs both new supply and demand to grow revenue.