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No one could’ve predicted Airbnb would be bid up to $100B. We are in a massive speculative bubble that not even wall street can make sense of. you’re giving to
by tempsy 6y ago
No one could’ve predicted Airbnb would be bid up to $100B. We are in a massive speculative bubble that not even wall street can make sense of.
you’re giving too much credit to investment bankers if you think they would know a travel company that has $2 billion in debt on their balance sheet, losing money, and in the industry most hurt by covid should’ve obviously been set at $100B when that was no where near where the company thought it was valued.
We’re in a market where Tesla is a $600B company selling 500k a year.
- ballenf 6y agoYou can observe that investors were enriched at Airbnb's expense while believing Airbnb made the best possible choices with the information at hand. Personally, I think the price rise is indicative of some fundamentally concerning market issues that have nothing to do with this company.