Airbnb Shares Slide After Company Warns of Moderating Growth

Airbnb Inc. shares slid in Thursday trading after the short-term rental company warned that sales growth may moderate in the second half of the year.

Third-quarter revenue will range from $4.02 billion to $4.1 billion, the company said in a statement late Wednesday. That translates into an 8% gain from a year earlier at the lower end, falling noticeably short of the nearly 13% growth in the prior three months. Airbnb projected tougher growth rates toward the end of the current period and into the fourth quarter.