Um, should've told us sooner... Shares of Boeing and Johnson & Johnson tanked over 6% Friday for totally similar and totally different reasons. Turns out pilots were chatting with each other years ago about "egregious" issues with the 737 Max — Boeing knew about the convos, but only just told the FAA. And J&J recalled 33K bottles of baby powder after 1 bottle was found with traces of asbestos, a known cancer-causer.
Overly hospitable... Airbnb's financial info leaked last week, showing revenues rose a solid 31%, but its loss more than doubled. Marketing costs were its biggest splurge, jumping 58% as it fights to add travelers and hosts before its planned 2020 IPO. Airbnb's not a publicly-traded stock yet, but investors haven't been into the lack of profits from Uber, Lyft, Slack, and its other unicorn buddies that IPO'd this year. Doubling your losses isn't in style right now.