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They did post a healthy profit or rather shared earnings before tax with the media. But if there is no further growth potential such profits make the company wo
by michalu 7y ago
They did post a healthy profit or rather shared earnings before tax with the media. But if there is no further growth potential such profits make the company worth way less than the most recent valuation even by NASDAQ standards which has inflated P/E.
Even if that profit was after tax and amortization, etc. (which it wasn't) it's a tiny fraction of what booking.com makes while Airbnb is still charging higher fees.