Should You Invest In Airbnb Inc?

Airbnb is an online marketplace for travellers. Founded in 2008, it is based in San Francisco, California, but operates worldwide. The company allows travellers who are looking for unique experiences to find and book holiday rental homes all over the world while also allowing its more than 600,000 hosts to grow their rental businesses. The platform puts hosts in front of customers searching for a place to stay in a specific region. The company was originally established to provide a platform where people could offer a spare room or part of their home for travellers to stay in, particularly in cities that were holding large events that made hotel rooms hard to come by. As of September 2020, the company was offering more than 7,000,000 accommodation options across 220 countries and regions. Found on the NASDAQ stock exchange under the ticker ABNB, Airbnb went public and floated 50 million shares in December 2020. It was of the most eagerly anticipated Initial Public Offerings (IPO) of 2020. Initial estimates suggested that on floating, the company’s fully diluted market value exceeded $35 billion. Open an eToro account today so that you are ready to track the price of ABNB stock after its highly anticipated IPO.