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Airbnb's valuation seems totally irrational to me, given the nature of their business. Still, I would think any business would like to double their valuation in
by skuhn 12y ago
Airbnb's valuation seems totally irrational to me, given the nature of their business. Still, I would think any business would like to double their valuation in a year.
Mariott should convert all of their hotels into apartments, fire all of their staff, rent the apartments, and then have those people rent the apartments to other people via mAIRiottBNB.com. Boom, instant market cap doubling.
- jsprogrammer 12y agoIs market cap really the only objective?
- skuhn 12y agoNo, and doing that would ultimately destroy Marriott's business. I think Airbnb's investors would be wise to think about that.