5 ms·
Am I the only one who is super eager for them to go public so that I can short them?
by DamnYuppie 6y ago
Am I the only one who is super eager for them to go public so that I can short them?
- zucker42 6y agoWhy do you think AirBNB will be overvalued?
- duhi88 6y agoBecause this happens with every SV company that is often in the news.
- NeutronStar 6y agoCitation needed.
- julianlam 6y agoMy zoom stock is doing quite well, thank you very much. Pagerduty was a letdown, though.
- westonplatter0 6y agoI'm long term bullish too, but most companies don't take off after their IPO. I like the approach of buying the stock and selling calls on top of them (to also capitalize on high IV).
- aussiegreenie 6y agoSV Bubble v real world is a 30% discount minimum.
- carabiner 6y agoThere's the old saying, It's Probably Overpriced. Not just tech stocks, not just Airbnb.
- vechagup 6y agoIt seems highly likely that you are not, and therefore that this trade is much less of an obvious win than you appear to assume.
- mancerayder 6y agoWhat do you mean? If lots of people short a stock, the crowdedness are borrow costs, or a short squeeze if things go south (or should I say north). It's a see-saw here. The lower it goes the lower it will go.
- MarkMc 6y agoI'm super eager for the opposite reason: I want to go long. In 3 years people's travel habits will mostly be back to normal, and AirBnb has a very strong competitive moat
- schnable 6y agoWhat's their moat?
- thebean11 6y agoThe main one to me is network effect. Hosts will join the platform because there are renters there, renters will join because there are hosts.
- heavenlyblue 6y agoYou should also be a chef because people will never stop eating. This is a train that went away a long time ago. AirBNB is slowing down and becoming the yellow pages/TripAdvisor of the internet (that is very clear in terms of the commodification of the review process). It doesn’t mean they will fail, however you can’t just state they will grow forever.
- thebean11 6y ago> You should also be a chef because people will never stop eating. Not sure how this has anything to do with the network effect point I brought up. I definitely never stated they will "grow forever", I said the network effects of their platform are a sort of moat. Do you have a source for AirBNB slowing down?
- heavenlyblue 6y agoYou brought up a very obvious point. Any marketplace will benefit from network effects. The devil is in the extent to which you can take advantage of these. And you made no points about that.
- throwaway1777 6y agoGood luck with that. In this market stonks only go up.
- mancerayder 6y agoWe wrote similar comments at almost the same time. Yes and Yes. They're a pretty shady experience as a guest, so on a personal level I'm upset (per other comment). There's a pandemic and economic catastrophe, so there's a good bear argument that adds to the already bear argument that cities around the world are cracking down on AirBNB rentals because they're easy political targets.
- seattle_spring 6y agoI'm eager for them to go public so people who short them can lose their shirts.