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If this starts becoming a pattern, that's how a $25B valuation becomes a $1B acquisition, where common stock becomes worthless. I'm curious how quickly Airbnb i
by JonFish85 10y ago
If this starts becoming a pattern, that's how a $25B valuation becomes a $1B acquisition, where common stock becomes worthless. I'm curious how quickly Airbnb is pushing for an exit.
- refurb 10y agoThis is a great point to call out. Cities don't like to be seen as anti-technology which is why you don't see a massive crackdown on AirBnB and Uber. But if one big city decides to do it, it can give other cities enough cover to do it as well. As you said, suddenly AirBnB's growth goes positive to negative.
- JumpCrisscross 10y agoAt least in New York, I can personally trace certain political activity to Airbnb behaving like asshats with their shareholders. Also, Airbnb are merging with a Chinese competitor [1]. [1] http://www.bloomberg.com/news/articles/2016-11-23/airbnb-said-in-talks-to-buy-chinese-home-rental-rival-xiaozhu http://www.bloomberg.com/news/articles/2016-11-23/airbnb-sai...