Uber back in 2019 didn't have layoffs, there was no pandemic, they were valley favorites with possibility of 200B valuation on the trading day, but could only go high as 75B. Whereas, with Airbnb being a smaller company, niche market with lot of competitors, broken business model due to pandemic, recent layoffs etc. had a monstrous IPO. Discuss - Why? TC: 350K
Uber ipod when there was a trade war going on. Airbnb ipod in the middle of a money blizzard
They should just go back to private and come back again, holaaaaa double/triple the valuation 😂😂
Bubble
Brrrrrrr
Yea lmao looking at Airbnb S1. With a higher valuation its revenue is only one quarter of Uber’s.
Revenue is fake without profit. I can borrow 100b with 20% interest
I was at both Uber and Airbnb and I think on top of it being better timing right now there are a few other reasons as well. Sentiment is much better for Airbnb, commentators say nice things, people have a good impression of the brand. Uber - people were hating on it and wanted it to fail, they were hating wework at the same time too. Lyft iPoed around same time as Uber whereas Airbnb doesn’t have a directly comparable competitor. Airbnb also has a hero’s journey with the pandemic, showing it could bounce back and that leadership would make the tough decisions (layoffs). Also Uber was just plain overvalued. They really screwed over employees with ipo where as Airbnb has tried to play it all right including letting employees sell a little bit this week
Airbnb screwed property owners big time in the beginning of the pandemic. But agree with most of your points. More important, the company is showing profitability while Uber showed no signs of getting out of billions of dollars in losses.
Agree on the profitability also. I’m not saying Airbnb has been completely ethical, I’m talking more about perception.
Airbnb is over valued wait for next quarter result and see it get plunged.
cuz uber ipo in 2019 but airbnb ipo in hottest ipo market of all time
Good ol circular reasoning