Introduction I do know that this is not the best way to start an article but I have to admit that I’m really disappointed. Not with the article itself but with its conclusion: Airbnb (ABNB) is a wonderful business but still expensive. For those who love quality companies, I think it is rather common to have ABNB always on the radar. Knowing nothing about the company, anyone has the feeling that this is probably a really great business that will have a bright future. However, it is also the kind of company that seems to trade always at “expensive” multiples.
I am very intrigued by Airbnb as well, both for the business model and its culture, but I still struggle to fully capture its dynamics and valuation.
Great article, thanks for sharing!