Airbnb’s Stunning IPO
nytimes.com
Airbnb’s Stunning IPO
1–10 of 273 posts
Re: Airbnb’s Stunning IPO
#2For some reason, I just feel this price is too high for them and that it will fall in the coming 2-3 months. Then again, I think about their business model and there’s a lot to like: the don’t own any real estate and if they really wanted to, they could likely let go most of their staff and have a team of maybe 60 - 100 people run the bussiness as it mostly revolves around simply managing the app and keeping it running. I’m curious how “Moated” their bussiness will turn out to be. I don’t really see competition will cut in that much as Airbnb has such an head start and established brand. The only big question I have left is legality. My family works in the hotel bussiness and is required to do fire alarm checks and all sorts of other checks to prove that he is safe to customers. Will Airbnb one day be required to do this? Only time will tell.
Re: Airbnb’s Stunning IPO
#3and I thought they were struggling because everyone is staying home due to Covid...
Re: Airbnb’s Stunning IPO
#4Talk about setting the wrong price for their stock. Looks like airbnb just handed over boatloads of money to wall street.
Re: Airbnb’s Stunning IPO
#5For some reason, I just feel this price is too high for them and that it will fall in the coming 2-3 months. Then again, I think about their business model and there’s a lot to like: the don’t own any real estate and if they really wanted to, they could likely let go most of their staff and have a team of maybe 60 - 100 people run the bussiness as it mostly revolves around simply managing the app and keeping it runni…
60-100 staff? Sorry but that's very naïve. Think about how many core services this takes:
-finance -payment -HR -management -verification of hosts / properties -scam detection and moderation -legal -dispute arbitration -programming -infrastructure -projects -building management for properties like HQ they own -customer service -etc.
They'd be lucky to get away with a couple multiples of your guess. This isn't netflix, there are far more facets to operations.
Re: Airbnb’s Stunning IPO
#6Talk about setting the wrong price for their stock. Looks like airbnb just handed over boatloads of money to wall street.
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Re: Airbnb’s Stunning IPO
#7Talk about setting the wrong price for their stock. Looks like airbnb just handed over boatloads of money to wall street.
They already priced well above the expected range. It's highly unlikely they would have been able find subscribers for the 51,551,723 shares of the offering at the post-IPO price, before the IPO.
Re: Airbnb’s Stunning IPO
#8I hear a lot of talk surrounding their "moat" and many skeptics are questioning whether or not they will be able to maintain their competitive advantage. However, it feels like Airbnb has solved a truly hard problem: how to make people trust your service.
People are using this app to go stay in random people's homes. How often do you hear people talk about being murdered in uber? I still hear it. How often do you hear it for Airbnb? I haven't heard someone express that worry yet.
They've solved the trust and the brand issue, and _that_ is their moat.
Re: Airbnb’s Stunning IPO
#9I hear a lot of talk surrounding their "moat" and many skeptics are questioning whether or not they will be able to maintain their competitive advantage. However, it feels like Airbnb has solved a truly hard problem: how to make people trust your service. People are using this app to go stay in random people's homes. How often do you hear people talk about being murdered in uber? I still hear it. How often do you hea…
I feel like this is not some great engineering feat with Airbnb and has much more to do with classism and the type of person who typically owns that beautiful vacation home you want to stay in.
Re: Airbnb’s Stunning IPO
#10Talk about setting the wrong price for their stock. Looks like airbnb just handed over boatloads of money to wall street.
This is a market with a lot of froth and if they listed the price at $1 trillion, speculators would have bid it up to $2 trillion just because they want to sell it to a greater fool.