Here's 1 of the Biggest Problems With Airbnb Stock
Shares of short-term rental property platform Airbnb (NASDAQ: ABNB) are down 49% from their all-time high as of this writing. But I'm afraid there's far more to this story than that. Airbnb stock has made a move of 15% or more 12 different times since it became a public company, exhibiting extreme volatility for a company of this size.
Here's what Airbnb's volatile stock price means for investors right now, and here's also why you should care.
To contextualize this story, keep in mind Airbnb has a market capitalization of about $70 billion right now. This means it's one of the largest public companies out there -- anything over $10 billion is already considered a large-cap stock.
Source Fool.com
