Their Venture Fund Was ‘A Sign Of A Bubble.’ Then They Turned $1.9 Million In DoorDash Into $440 Million Its that time again to read all the articles involving those who got in on the bottom of the biggest ipos of 2020. Too bad the regular people can't buy into these companies until well well well well after the returns of thousands and tens of thousands of percent returns are made by the ones with the millions buying into these companies from the beginning and reaping all the rewards. https://www.forbes.com/sites/alexko...rned-19-million-in-doordash-into-440-million/
Regular people can’t do anything for those startups, just like people buying stuff on KickStarter can’t help those products grow. It’s all about having the right investors who will pull the strings and open all the doors, while 100s of other startups are doing the same thing but can’t grow. Though if you moved to San Francisco and started helping startups then you could’ve have a chance of getting a slice.
Airbnb is probably the most bubbly of them all. How can the company be so overvalued when people are being driven back to hotels with better rewards programs, coupled by the fact that almost no one used airbnb for most of 2020. The people who typically use airbnb are looking for deals because of income constraints, who may have issues vacationing in 2021 from income loss. There are also worries of a mini housing collapse from people not being able to make mortgage payments on their dozens of properties. Really pales in comparison vs a food delivery company that may eventually stabilize their earnings and become a safe-ish dividend stock.
It do agree with you that Airbnb is way overvalued, but it quite a relevant player in the travel business, i know of kind successful travel agencies that are steering their clients towards airbanb than traditional hotel chains, especially for families. If you try BNB once , you will be hooked.
air bnb might use those billions to leverage buying their own properties thus perpetuating the inflated housing bubble even more!! zillow owns what 50,000 homes? one of these companies is starting to buy up homes as a large corp. this will keep happening sadly turning most homes into rentals since the american dream is far far out of reach for most average earners with children. its about future growth n revenue but i do think its nuts. same with tesla