Airbnb Just Made a $200 Million Move Into the AI Space. Here's What Investors Need to Know.
On Nov. 14, travel platform Airbnb (NASDAQ: ABNB) did something it's never done since going public in 2020: It acquired another company. And according to people in the know, it spent a ton of money to do so.
Airbnb just acquired GamePlanner.AI for $200 million, according to CNBC's sources. That's a monster price tag for a start-up with just 12 people and no website. But according to Airbnb CEO Brian Chesky, GamePlanner.AI is "special" nonetheless.
GamePlanner.AI may indeed be special. But can it move the needle for Airbnb's shareholders? Here's what investors need to know.
Source Fool.com