gettyKey FactsAfter a bearish analyst call on Monday, shares of Airbnb are falling 5% today pushing shares down to about $124 apiece, or 25% lower than their trading day high of $165. In a note downgrading Airbnb's stock on Monday, Gordon Haskett analyst Robert Mollins said Airbnb's IPO surge "more than stretched" the firm's share prices, which have lifted Airbnb's valuation to roughly two-times estimated bookings in 2022. At that rate, Airbnb's valuation, relative to its revenue potential, is more than three times higher than the average among competing online travel agencies like Expedia and Booking.com, Mollins further noted. That bested the $3.4 billion DoorDash raised just one day earlier to make Airbnb's public market debut the third-largest of 2020. That's how high Airbnb's market capitalization got on Thursday–higher than all publicly traded U.S. hotel chains combined.

Source: Forbes December 15, 2020 20:03 UTC