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We are working to make sure that the company is ready," Chesky said at an event at the New York Exchange when asked about plans for an initial public offering. The company which operates in more than 65,000 cities worldwide turned profitable in the second quarter of 2018. As visit web page of its efforts to become a full-service sports betting arizona agency, Airbnb recently bought a payment startup Tilt and a high-end rental services Luxury Retreats for hundreds of millions of dollars. Regarding a slew of events including a sexism scandal that has rocked another Silicon Valley startup giant Uber, Chesky said Uber's chief executive Travis Kalanick was doing "everything he should be doing. Chesky said he had not spoken to Kalanick about the recent challenges. Shares of Snap, which has warned it may never be profitable, rose 3. Short sellers borrow and then sell stocks they think will fall in value, hoping to profit by buying the stock back more cheaply later on and then returning it to its owner. Reflecting a higher supply of Snap's shares and potentially less demand, the interest rates brokers charged to lend the shares declined to around 15 percent from as much as 40 percent on Tuesday, said S3 Partners Managing Director of Research Ihor Is betting against the public profitable />Snap has been a roller-coaster ride for traders, surging 59 percent in its first two days of trading, and falling 18 percent since then. Billionaire investor David Tepper, whose views on markets and stocks are closely watched by other money managers, told Is betting against the public profitable on Wednesday he bought shares of Snap in the IPO, sold some, and would buy again if the is betting against the public profitable dropped.