Could Airbnb Be a Millionaire-Maker Stock?
With its recent IPO, many hope Airbnb (NASDAQ: ABNB) will deliver five-star returns to investors. Given the rising popularity of its short-term vacation rentals, this stock could certainly deliver for early shareholders.
However, some might be wondering if it can also turn some of those shareholders into millionaires. Let's take a closer look to see if this consumer discretionary stock could offer investors' portfolios such luxurious accommodations.
The pandemic hammered the travel industry across the board, and Airbnb was no exception. For the first nine months of 2020, revenue dropped by 32% year over year as more travelers opted to stay home to protect themselves from COVID-19.
Source Fool.com
