I’m currently looking into ABNB and I have to say it’s valuation is pretty steep. $100b for a company with circa $6b in annual revenue and only just turning profitable.
On the other side I understand that the company has a lot of tailwinds/strengths:
– Working from home culture
– Lifting of COVID restrictions
– Rock solid brand
– Large and strong moat
Is there any reason to hold on to $ABNB if the majority of the growth is already factored into the valuation?
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