The Sharing Economy come home: The IPO of Airbnb!
Musings on Markets
DECEMBER 2, 2020
Why would a company that derives its value from short term rentals by people who travel want to go public, when a out-of-control virus is causing its business to shut down? As we will see in the next section, the hotel and travel booking businesses were damaged even more than Airbnb, because of their large asset bases and debt levels.
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