Airbnb announces plans to go public in 2020

Home-sharing company Airbnb has said it plans to go public in 2020.

It is a long-awaited move for the company, which was founded in 2008 in San Francisco.

Airbnb is one of the largest home-sharing platforms. It has more than seven million listings in 100,000 cities worldwide.

Airbnb said earlier this week it made one billion dollars (£800 million) in revenue in the second quarter of this year. It did not reveal its profits.

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