Better Buy: Amazon vs. Airbnb
After breaking through $3,500 in September, Amazon's (NASDAQ: AMZN) stock price stayed stagnant for many months. Interestingly enough, it was news of Jeff Bezos' departure as CEO and Andy Jassy's promotion to that position that helped lift the shares last fall. Now that Jassy has officially taken over the reins, Amazon stock has jumped 7% in July breaching the $3,700-mark for the first time. That's a lot of investor confidence in Jassy's leadership.
Airbnb (NASDAQ: ABNB) stock, on the other hand, hasn't fared quite as well this year. The biggest IPO of 2020 got off to a roaring start when it debuted on the stock market in December, but it has since dropped and is about flat year to date. Is there less reason to be confident in Airbnb's future? Let's take a look.
Image source: Getty Images.
Source Fool.com
