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Airbnb was founded in 2008. My take is investors want to cash out before the upcoming recession.
by danaos 7y ago
Airbnb was founded in 2008. My take is investors want to cash out before the upcoming recession.
- enos_feedler 7y agoRecession?
- Tushon 7y agoThere are a non-trivial number of signs of a recession coming up this winter/2020. E.g. https://www.cnbc.com/2019/09/02/heres-a-list-of-recession-signals-that-are-flashing-red.html https://www.cnbc.com/2019/09/02/heres-a-list-of-recession-si...
- asveikau 7y agoPredicting the exact timing of a recession is very hard to do. You can say there are troubling signs but I would be extremely skeptical of somebody telling me "Winter/2020" with a high degree of confidence. Meanwhile, there have been people pointing out troubling signs for several years now, and if you acted on their advice you'd have lost money, but nobody could have told you that for sure at the time, either.
- gruez 7y agoIf everyone thinks there's going to be a recession, wouldn't that mean that would be priced into the IPO price? ie. if you think that there's going to be a recession in 3 months, you wouldn't plow a boatload of money into an IPO.
- ummonk 7y agoHigh information investors and executives know an impending recession is probable, but low information investors will still happily plow money into IPOs.
- scarejunba 7y agoThe current SPY Puts for 240 expiring Dec 2021 are $12.30. How many did you buy?