Why Uber IPO was a flop but Airbnb IPO is blockbuster?
Dec 10, 2020
14 Comments
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
comments
More important, the company is showing profitability while Uber showed no signs of getting out of billions of dollars in losses.
valuation its revenue is only one quarter of Uberโs.