Airbnb's losses reportedly doubled last quarter — and it could spell disaster for the company's attempt to go public

Airbnb doubled its year-over-year losses in the first quarter, according to a report from The Information.
The firm reportedly spent $367 million in the first quarter on sales and marketing, a 58% increase from the year-ago period.
The news comes as the home-share company eyes a move to public markets in 2020 and Wall Street flees cash-burning tech firms.
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Airbnb's bid to go public in 2020 may face new hurdles as the home-share company reporte