Imagine requesting service from a criminal, writing your travel itinerary and sending money to them all before finding that the place you may share for six days on a hard-earned vacation abroad doesn’t exist. It’s not exactly what Airbnb, the technology company filing a $30 billion valuation for its IPO that will compete with hospitality stocks like Marriott International Inc this December, promotes. Airbnb claims to be “[c]reating a world where anyone can truly belong [and that] requires a foundation of trust.”Continue reading
Investors need to know not to value Airbnb’s December IPO.
This year’s Airbnb IPO has generated buzz, with six new articles on average published about it each day in October. ▲Church uses the online marketplace to book vacation and remote work stays for its contributors. The San Fransisco based tech company planned its public offering for August. But weakened by volatility, a flawed business model, delays, and regulatory actions, Airbnb could be worth half as much as investors pay this December. So don’t be deceived or buy this stock when it goes public!Continue reading