The market is surprisingly down this morning. The stimulus talks carry on…
Airbnb went public yesterday and between them and Doordash, we recommend Airbnb.
You know what they do, but who are they competing against… honestly no one. Their closest competition are Hotels and that is why Airbnb is thriving right now. Versus Doordash they have stiffer competition which is difficult for food delivery when the margins are so thin.
When the name of a company becomes a verb, “Let’s Airbnb.” It means 1) It dominants its market and 2) it’s here to stay. For example, “Google it,” or “Let’s Uber there.” No one says “Let’s Lyft.”
Airbnb’s shares are flat since their IPO, and we think it’ll be smart to get in now.