Before the pandemic, Airbnb was valued at more than $30 billion, making it one of the world’s most valuable startups. The company laid off about 25% of its staff in May and has since emphasized its focus on local travel. The IPO filing comes as COVID-19 infections are increasing in some of the company’s hottest markets in the U.S. and Europe, underpinning the extent to which Airbnb’s future is dependent upon the effectiveness and successful distribution of a vaccine.Christopher Zara (Fast Company)