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Airbnb is worth more than top three hotel chains combined, after IPO - Business Insider

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Airbnb is worth more than the 3 largest hotel chains combined after its stock popped 143% on its first day of trading

But top strategists said the massive debut rallies of Airbnb and DoorDash revealed an unsustainable optimism in the markets.Business Insider's Ben Winck

the rallies showed "euphoria and greed" that's likely not been seen in the stock market since the dot-com bubble of the late 1990s. "It's silly season," Rich Steinberg, chief market strategist at The Colony Group, told Winck. "Investors need to distinguish the difference between a great company and a great price or value."

 

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Markets love Airbnb $ABNB business model: asset light.

So, I suppose people are travelling more now. :S Totally disengage financial from real economy.

LOLOLOLOLOL!!!

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