The Dr Boyce Breakdown
AirBNB's IPO is an overpriced monstrocity that I wouldn't buy if you paid me
AirBNB had an ipo in which its stock price shot through the roof, rising over 100% in the first day. Most of the rise in the value of AirBNB stock is driven by uninformed investors who buy stock as if they are buying designer luxury clothes. Overpaying for AirBNB stock only makes sense if you truly believe there is another sucker who will buy the stock at a higher price. This will all fine and good until there is a day of reckoning. To learn more about stock market investing, please visit TheBlackStockMarketProgram.com.
- Broadcast on:
- 10 Dec 2020
AirBNB had an ipo in which its stock price shot through the roof, rising over 100% in the first day. Most of the rise in the value of AirBNB stock is driven by uninformed investors who buy stock as if they are buying designer luxury clothes. Overpaying for AirBNB stock only makes sense if you truly believe there is another sucker who will buy the stock at a higher price. This will all fine and good until there is a day of reckoning. To learn more about stock market investing, please visit TheBlackStockMarketProgram.com.