Airbnb generated pre-IPO buzz this year but the company’s profitability is shrinking. Companies sell stock in order to grow yet the online marketplace for short-term rentals is forced by a technicality to trade publicly. And since a number of its 7 million non-exclusive listings used to justify market share are fraudulent, Airbnb’s product is really unhappy customers.Continue reading
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Airbnb IPO – Need to Know
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