Airbnb takes a cut of the stays and activities that its rental operators book. It has come closer to turning a profit than Uber or WeWork — until the coronavirus evaporated more than $1 billion of bookings almost overnight. In the spring, Airbnb projected its revenue for 2020 would drop to half of the $4.8 billion it brought in last year. The company quickly cut costs, raised emergency funding, laid off almost 2,000 employees and shelved its plans to go public.Erin Griffith (New York Times)