Airbin went public at 6,146 per share on Thursday, 114% higher than its 68 IPO price, which gave the company a valuation of $ 101 billion at the time of launch. Nine months ago, at the density of Govt-19 epidemics, the company was valued at $ 18 billion, which laid off 25% of its staff. “It’s surreal,” Airbnb co-founder and chief strategist Nate Blaserzik said in an interview with Yahoo Accounting Live on Thursday before the start of stock trading. “In the spring, we never expected this year to end this way. I think this shows the adaptive capability of the model this year. People have stopped flying and going farther, but I think there is a basic need for people to connect and the desire to travel.” The first half of 2020 Airpin was brutal, with most people staying in their homes, and its second-quarter revenue fell 67%, while grocery deliveries, e-commerce and curbside pickups, Peloton bike orders and Logitech computer accessory sales increased. Returned to 2019 levels.People booked shelters again, but different types of shelters: shorter distance (within 300 miles) from where they live, and beyond the week, where people stay longer than in the past Can work from. In the third quarter, Airbin booked $ 219.3 million in profits, thanks in part to dramatic spending cuts. Now Blecharsic shows that the company is well suited to cater to the needs of the masses, regardless of their next journey. Stay close to home or start flying again once you get the COVID-19 vaccine. “Sometimes I think everyone will come back on planes, but even if they stay nearby, or go a long way, Airbnb will still be there,” he says. “This work from home, I think it will last. Because of the zoom, not everyone has to go to the office five days a week. I think that allows everyone to make long weekend trips more often. -R: Airbnb co-founders Nathan Flechsirk, Joe Kepia and Brian Cesky speaking on stage at the Airbnb Open Law on November 17, 2016 in Los Angeles., Calif. And if people are still shy about social distance, Airbnb appeals to a hotel: Privacy. Do not want to be in the hotel lobby or restaurant, they are cautious. So, we see people choosing a whole house for themselves right now and being able to cook their own food in the kitchen. ((Hotel chains, in the event of an epidemic, try to ensure that Airbnb is more clean than hotels because it is the responsibility of individual homeowners.) Amidst the debate over the backbone of Airbnb epidemics, and as stocks rise, critics may point out that redundancies are as high as 25% Aggressive because returning to the pre-infected booking block was right around the corner. In the first nine months of 2020, Airbnb reportedly canceled $ 616 million worth of uninvested stock awards, mostly owned by the 1,800-employee Airbnb cut in May. What he would say to the 1,800 employees who asked Blacksick and Yahoo Finance, in the midst of the success of the IPO, was, “We made it very clear during those layoffs — they were incredibly difficult for us — we always made it clear that we would welcome them back when the opportunity arose … and hope that some of them could come back.” Daniel Roberts is a major author and technologist closely involved in Yahoo Finance. Follow him on Twitter @readDanwrite. ‘Host Advisory Board’ In the ‘sorry’ 2020 market
Source