Business
Here’s why Airbnb is the perfect recovery stock
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
Airbnb (NASDAQ: ABNB) soared on Friday after it turned its first earnings report as a publicly traded company.
Shares of the home-sharing giant jumped 13% as fourth quarter revenue blew past Wall Street estimates. The stock is now up 43% since its closing price at $144 on its IPO day in December, but it’s still the best way to play the economic recovery. Here’s why.
The travel market is going to explode
Vaccines have only started rolling out around the world, but there are already signs that pent-up demand is set to lift the travel industry to unprecedented levels later this year.
Airbnb’s own survey found that…
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