Crap I sold, but I get jittery with high valuations. But I guess I still hold 66% of $ABNB. Stellar earnings for what I think is one of the most iconic companies. Just read the snippets from the call when talk about supply and demand. The fact that you can direct demand to where supply is (and sheer growth in demand) is impressive - app.fincredible.ai/company/ABNB/e...,supply
Linked trades
21.71% GAIN
Airbnb at $170.20
Gaurav Kotak @ FincredibleOctober 28
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Sidni Standard's avatar
What I love about this quote is that it shows how important they understand community is:
"First, we are educating the world about what makes Airbnb different, and that is hosting." - Q3 2021 Airbnb Inc Earnings Call (Preliminary) https://app.fincredible.ai/company/ABNB/earnings/2021/q3/transcript?t=428

What the concierge is at hotels, hosts are to airbnb travelers (but with a much more localized understanding of a location's offerings, that I would say many times, a concierge does NOT understand)
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Joshua Simka's avatar
Not to second-guess your sell decision, @gkotak, but I'd say the recent jump in price is less an over-correction/inflation and more getting back to even. The stock was well off its February 2021 highs and even with lots of travel restrictions still in effect and the world very much in the midst of a pandemic, Airbnb posted $1.3B in revenue for Q2 and $13.4B in bookings—the latter representing an increase from even pre-COVID levels. And the market took no interest! I don't own $ABNB but this is an exciting company, though its size gives me pause. A 10x from here would put this company at more than $1T in market cap. (For reference, $MAR is a $55B company and $H is a $10B company.)
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