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Airbnb Seeks Big Boost From Rio Olympics

Sponsorship deal comes as Brazil faces economic contraction, political turmoil

By

RIO DE JANEIRO—Home-rental firm Airbnb Inc. is betting that its sponsorship of the Rio Olympics will cement its status as a mainstream lodging option in its fourth-largest market.

But with less than three months to go before the Olympics, the firm’s first such foray into global sports is in danger of being overshadowed by a deep economic...

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