Airbnb's IPO price was $68, and it listed at $146, a massive premium. Naturally there is a fair amount of selling pressure, and it may struggle to maintain its price above its listing price. On the expectation of broader market downside, expecting price to drift down to $80-90 range.
@pof7502, Agreed, but we're also on the cusp of a 'third wave' of C19, with the delta variant driving case numbers in most lucrative travel markets and tampering expectations of removal of travel restrictions