Airbnb Stock Is Down 60% From Its High. Time to Buy?
I believe right now is a great time to be buying shares of short-term rental platform Airbnb (NASDAQ: ABNB), even though economists are predicting a recession in 2023, which could affect the travel industry.
In this article I'll explain the merits of an Airbnb investment today, including something you might not be thinking about. And I'll also explain why the dark economic clouds on the horizon don't hold me back from investing.
Through the first three quarters of 2022, Airbnb has spent over $1.1 billion on sales and marketing, up 33% from the comparable period of 2021. But keep in mind that according to chief financial officer David Stephenson, only about 10% of traffic from bookers is the result of advertising. Most traffic, therefore, is organic.
Source Fool.com
