Coronavirus and Stock Markets - Thoughts?

[engineer]

FT:

Airbnb - ABNB - Share Chat

FT: Airbnb lowers internal valuation by 16% to $26bn Exclusive: short-term rental site hit by sharp drop in bookings because of coronavirus outbreak (Airbnb was last valued privately at $31bn after closing a reported $1bn funding round in September 2017) The short-term rental site Airbnb, which has had its business hammered by the coronavirus fallout, has lowered its internal valuation to $26bn — a 16 per cent drop compared to its most recent funding round. The new figure reflects the sharp…

Reuters:

The Great Lockdown Recession - yes we're here

Britain’s dominant services industry suffered its sharpest fall by far since the survey began in 1996. Its index sank to 34.5 from February’s 53.2, and was also weaker than the March flash reading of 35.7. Sterling weakened almost half a cent against the dollar to its lowest since March 31 after the news, which was only a bit less bleak than the equivalent euro zone survey. Andrew Wishart, an economist at Capital Economics, said the PMIs were probably underestimating the hit. “We are forec…