Airbnb Is Down More Than 30% from Its Peak: Is It a Buy Now?

Airbnb Is Down More Than 30% from Its Peak: Is It a Buy Now?
·4 min read

As a poster child of the sharing economy, Airbnb (NASDAQ: ABNB) has always been a Silicon Valley darling. With high-profile backers like Andreessen Horowitz and Tiger Global Management, Airbnb became one of the world's most valuable start-ups just seven years after its founding. Airbnb shares hit $220 in February, more than triple its listing price.