3 ms·
COVID could break them. They're at 1B revenue and losing money, on a 30B valuation? This is bubble valuation, and with WeWork blowing up and now COVID hitting
by jariel 7y ago
COVID could break them. They're at 1B revenue and losing money, on a 30B valuation?
This is bubble valuation, and with WeWork blowing up and now COVID hitting everything, the stock market in freefall - and that COVID will be materially damaging specifically to AirnBnB - not just indirectly ... the party is over.
This is the inflection point at which AirBnB becomes a 'real company' and has to live within the confines of 'non-bubble-valuations'.
Which is fine, think they will survive but not without changes.
- klyrs 7y agoI'm suddenly concerned about my booking in May...