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(CNBC)   AirBNB PLANS to FILE CONFIDENTIALLY FOR IPO THIS MONTH, DON'T TELL EVERYONE   (cnbc.com) divider line
    More: Amusing, Stock market, Finance, Airbnb's private valuation, short-term rental company, huge hurdle, CEO Brian Chesky, Wall Street Journal, T. Rowe Price  
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227 clicks; posted to Business » on 11 Aug 2020 at 6:30 PM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



11 Comments     (+0 »)
 
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2020-08-11 4:37:26 PM  
Just a titch late
 
2020-08-11 5:42:32 PM  
Is this their Hail Mary for captial sometime this year?

Sell it to the republicans.
 
2020-08-11 6:33:54 PM  
Isn't now the exact wrong time for an Airbnb IPO?
 
2020-08-11 6:39:47 PM  
It's a cash grab while they are holding onto their last straw.

/AirBNB can die.
 
2020-08-11 6:46:46 PM  
That stonk is going to sink like a rock right after the IPO. Time for the angel investors to cash out and buy back in at bargain basement prices?
 
2020-08-11 7:07:27 PM  
Hey, let's file for an IPO (1) when many states and cities have already outlawed your business model (2) no one is going on vacation and (3) who wants to stay in some covid-infected unclean stanky house?
 
2020-08-11 7:45:21 PM  
If you missed that IPO for the Titanic, you've finally gotten another chance to make up for it.
 
2020-08-11 7:49:50 PM  
AirBnB is in its death throes

too bad housing prices won't go down
 
2020-08-11 8:21:09 PM  
Can you short an IPO?  Only kinda sorta joking.
 
2020-08-11 8:39:30 PM  

emersonbiggins: Can you short an IPO?  Only kinda sorta joking.


if you're very quick!

(other than that your just shorting the stock)
 
2020-08-11 10:19:27 PM  

pounddawg: It's a cash grab while they are holding onto their last straw.

/AirBNB can die.


In February we booked a week around my friend's wedding in another city, with plans to see the city while we were there. In March we cut it down to three days, and then the owner, who had given a misleading rate (didn't mention that it was higher for weekends or something, and only gave the weekly rate), refused to give us a refund just because the wedding had been moved and Covid had hit pandemic levels, and then was rude to boot. We turned to AirBnB themselves and they dragged it out as long as they could, apparently hoping we would give up after a while. Much wrangling later, we finally got like 60% of our money back.

So yes, fark AirBnb. Real hotels have real cancellation polices.

/Those of us who survived Coronavirus will know to always check cancellation policies the way that those who survived the Depression know not to trust banks.
 
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