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THE RATINGS GAME
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Airbnb Inc.’s resilience in the face of a continued travel slowdown because of the pandemic, as well as its position against peers, led to positive reviews of its first earnings report from analysts and surging share prices Friday.
Airbnb stock gained as much as 17.6% in Friday’s trading session, and was on pace to close near a record high. Shares were having their best day since the company’s initial public offering in December, just one day after their worst trading session yet.
The online travel booking site, whose lodging choices consist mostly of homes or rooms in homes, reported earnings results that beat expectations Thursday,…