Airbnb (ABNB)

Allan Tong’s Discover Picks At the start of the pandemic, the company’s valuation stood at $18 billion (all figures USD). Then, the IPO was going to be priced at $56-60, which meant a $28 billion valuation. So far so good. Then, the company bumped up the debut price to $68. At the end of its IPO, ABNB was worth $101.6 billion. It’s reasonable to expect that Airbnb will thrive in next year’s reopening and it’s fair to expect tourism to bounce back (huge, I think). However, Airbnb never turned a profit before Covid, and in fact has accumulated $2.1 billion in losses since its 2008 birth. The company reported $697 million in losses during the first nine months of 2020. Read The Truth About ABNB’s Worth and Caution on IPOs for our full analysis.

Many people working remotely are actually renting Airbnbs and people trust renting private apartments over hotels for cleanliness. Airbnbs are also cheaper to rent. People like his wife are using wipes to clean their rooms. It's a safe way to travel and Airbnb is here to stay.