5 Things You Didn't Know About Airbnb
Airbnb (NASDAQ: ABNB) went public during one of its worst years on record, and it was still the biggest initial public offering (IPO) of 2020, debuting at $68 per share for a $47 billion valuation. Trading at 21 times sales, shares are expensive. But don't write it off just because of that; there's also a great growth story. Here are five things you didn't know about the vacation rental platform.
One of the ways Airbnb has transformed the travel industry is that it has made it easy for anyone with an extra bed to become a travel entrepreneur. That's why more than 4 million hosts have signed on with the platform, including many hosts who own several rentals. That's important for a few reasons. One, the hosts' success is the company's success, so Airbnb is invested in providing a good experience for hosts. Two, the company provides a platform, but doesn't need to invest in costly construction. And what I think is most important, the sky is the limit (literally). The company can grow as large as the amount of hosts who sign on, all without a lot of extra overhead.
Image source: Airbnb.
Source Fool.com
