Forgot the code for the Nasdaq check-in
Calm down... Airbnb got some inspo from Genesis as it prepped its IPO filing, kicking off its origin story with "In the beginning..." The home-sharing giant plans to go public in December under ticker symbol ABNB (STAY and CASA were too edgy).
Nespresso machine en suite... 5 stars. Investors are giving Airbnb some credit. Earlier this year, Airbnb's valuation plunged to $18B as it took out high-interest loans to cover guest refunds and $250M for hosts' losses. Then it majorly turned its desperate fate around, filed to IPO, and is expected to notch a $30B valuation.
Airbnb needs to think like Uber (not like Lyft)... Airbnb is just a sharing platform for homes, like Lyft is just a ride-hailing platform. Meanwhile, Uber has become a platform to transport anything — from food, to cargo, to meds. If Airbnb becomes an "anything-sharing" platform (think: parking spaces, storage, boats, RVs) it could protect itself from pandemic pain — it warned that the recent COVID surge could bruise bookings this quarter.