Why Airbnb Stock Jumped 9% Today

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Shares of Airbnb (NASDAQ: ABNB) are up almost 20% just this week, including a 9% bump today, as of 2:20 p.m. EST. The move has the stock at a record level since its initial public offering (IPO) a little over a month ago. 

The only news out today is an announcement that Airbnb has decided to cancel reservations made for Washington D.C. during the inauguration period, and will prevent any new such reservations from being made. 

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