New reporting on Airbnb suggests its finances might not be as neat and tidy as it hopes to present ahead going public, with operating losses doubling in the first quarter. Lulu Yilun Chen / Bloomberg

Skift Take: Airbnb is on a path toward spending as much as $2 billion in sales and marketing in 2019. When you consider that Airbnb will likely have to start spending more with Google as it adds more hotels onto its platform, then the company’s supposed competitive advantage over Booking Holdings and Expedia Group on that front appears a little less attractive.

— Dennis Schaal

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