3 Reasons Airbnb Stock Probably Won't Make You Rich
Airbnb (NASDAQ: ABNB) did not invent vacation rentals, but it helped make the concept more workable for hosts and guests alike. Consequently, many investors anxiously awaited its IPO. Unfortunately, now that Airbnb trades publicly, its returns may ultimately disappoint growth investors. Let's explore three reasons why.
Many consider Airbnb stock a buy for the transformation it brought to its industry. It lets property owners earn cash from their property by finding short-term guests, while giving consumers lodging choices beyond hotel rooms they may find cramped or pricey.
Moreover, Amazon (NASDAQ: AMZN) and Netflix (NASDAQ: NFLX), who also transformed their respective industries, earned long-term returns of about 16,000% and 44,000%, respectively, thanks in part to the change they inspired.
Source Fool.com
