Airbnb shares rise 5% after posting 'best year' 

Airbnb has recovered from the beginning of the pandemic, when the company cut thousands of jobs.

Airbnb shares rose 5% a day after after it beat revenue and profit estimates in the fourth quarter, bucking a resurgent wave of Covid-19 infections and heading into this year even stronger than before the pandemic. 

The San Francisco-based company reported net income of $55m (€48.5m) compared with a loss of $3.9bn a year earlier, marking a record for the period. Revenue grew 78% to $1.53bn.