The bear market in tech stocks has changed perceptions on many levels, especially concerning valuations. Stockholders who routinely tolerated P/E ratios above 100 last year have sold off their more expensive stocks.

Nonetheless, this does not mean growth has necessarily slowed down for every company. In fact, some consumer-oriented companies still grow at a rapid pace. Thanks to falling stock prices, investors can now buy some of the pricier fast-growth stocks at a substantial discount. Those holding out for lower valuations should give more serious consideration to Airbnb (NASDAQ: ABNB),  MercadoLibre (NASDAQ: MELI), and Shopify (NYSE: SHOP).

Airbnb is not the only vacation rental platform, nor is it an industry pioneer. However, it expanded the scope of such rentals by renting shared spaces and even boutique hotel rooms. The first mover, Vrbo, owned by Booking Holdings, does not allow for short rentals on shared spaces.

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Source Fool.com