Airbnb moves to go public despite pandemic struggles

Home-sharing company files preliminary paperwork to sell stock after cutting nearly 2,000 workers in May

Airbnb on Wednesday filed preliminary paperwork for selling stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its home-sharing business.

The San Francisco-based company said it submitted a draft registration statement to the Securities and Exchange Commission. It kept details in the statement confidential.