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0 pointsballenf5y ago0 comments

If you sell something for less than market value, that would seem to be me enriching the buyer at your expense.

Regardless of whether "you've raised the money you sought".

0 comments

No one could’ve predicted Airbnb would be bid up to $100B. We are in a massive speculative bubble that not even wall street can make sense of.

you’re giving too much credit to investment bankers if you think they would know a travel company that has $2 billion in debt on their balance sheet, losing money, and in the industry most hurt by covid should’ve obviously been set at $100B when that was no where near where the company thought it was valued.

We’re in a market where Tesla is a $600B company selling 500k a year.

ballenfOP5y ago

You can observe that investors were enriched at Airbnb's expense while believing Airbnb made the best possible choices with the information at hand.

Personally, I think the price rise is indicative of some fundamentally concerning market issues that have nothing to do with this company.

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