Downfall of $ABNB
Some thoughts on ABNB. I've noticed something. Many Airbnb owners are selling their apartments, well there are many reasons for that inflation, and house values rapidly going down like all other real estates.
Fewer and fewer people have been booking Airbnb, I'd estimate over 50% crash in bookings so far!
Insiders have sold a shit ton as well. marketbeat.com/stocks/NASDAQ/ABNB/insider-trades/
I think most Airbnb hosts are renting the place, whilst rents and costs go up so will Airbnb prices, and hotels are already way cheaper than Airbnb, and as hotels also include cleaning, food, and more who would like to stay in Airbnb?
Technical analysis also backup this downfall of
ABNB, chart belove
Fewer and fewer people have been booking Airbnb, I'd estimate over 50% crash in bookings so far!
Insiders have sold a shit ton as well. marketbeat.com/stocks/NASDAQ/ABNB/insider-trades/
I think most Airbnb hosts are renting the place, whilst rents and costs go up so will Airbnb prices, and hotels are already way cheaper than Airbnb, and as hotels also include cleaning, food, and more who would like to stay in Airbnb?
Technical analysis also backup this downfall of
ABNB, chart belove
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