airbnb is trash compared with Uber. Not relevant but Snowflake, Pinterest, snap, databricks all are highly overvalued. Uber is among the few stocks that are undervalued. Where is the growth for Airbnb? It’s a booking company anyway.
Airbnb is overvalued because of booking valuation. Airbnb may have a better growth than booking but for now, their valuation is too high and they don’t have a post covid trade because they are at similar level of mau as pre covid. People especially young people who use airbnb are going out as before.
Law of large numbers, and headwinds from L5 autonomy would challenge ride hailing growth in very long term, specifically in developed countries. In under developed countries, even decades later Uber-isque app will exist.
I have been buying Airbnb on this sell off. The valuation was really high at IPO though and its currently around that same level. It could go a lot lower, if it does I will be buying
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Law of large numbers, and headwinds from L5 autonomy would challenge ride hailing growth in very long term, specifically in developed countries. In under developed countries, even decades later Uber-isque app will exist.