Fundamental Analysis: Airbnb
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What is Airbnb? Airbnb is a short-term and long-term rental platform where people rent out their homes, apartments, and various other shelters to guests.
Valuation: 21x 2019 sales, have proven profitability before (but not in 2020)
Latest Earnings: $4.8 billion in 2019 sales, up 32%, spending 34% of revenue on sales and marketing.
Our Future Growth Opportunities: A travel credit card and Wi-Fichecks.
Are we more interested in this stock after the episode? We were both more interested in the stock, but think the valuation is a bit absurd.