Airbnb shares more than double in market debut


Shares of Airbnb more than doubled in first day of trading, when they closed 112% above ipo price. This show that there is huge demand for new firms and Airbnb is the best one of them. One of the reason is that they are really cost effective and their business model is really robust, unlike hotel business. So investrors can expect big earnings after things get back to normal, also with smaller competition. (Rana, Wall Street Journal)

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