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Since its inception more than a decade back, Airbnb has become a thorn for the entire tourism industry. The unicorn is now valued thirty- one billion dollars, but share price estimates put it at a whopping forty- six billion. Airbnb’s business innovation as been so comprehensive, that traditional giants such as Marriot and Hilton are valued lesser. Investment banks in Goldman Sachs and Morgan Stanley though may be a bit more cautious. This is due to the stories of some other unicorns that have fallen flat post their IPO in recent years. Examples include Slack and Spotify. Even the much bigger Uber and Lyft have ended up disappointing its investors. Thus, there is no clear single path towards investment success.

Source:https://www.tourism-review.com/apartment-broker-airbnb-to-go-public-news11213

Uploaded Date:24 October 2019

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