Skift Take
Airbnb is smart to focus on its core accommodations' business, if that is indeed what it is really doing. The company has time to deal with all of the other stuff, from flights to hotels and experiences, once a real-life travel recovery has a pulse.
Is Airbnb worth its current $113 billion market cap? You know, the stock market valuation that is more than a third larger than that of the former online travel market cap leader, Booking Holdings, at $82 billion.
In an interview for the Bloomberg — The Year Ahead virtual conference Thursday, Airbnb co-founder and CEO Brian Chesky wisely avoided answering that question directly, saying he doesn't want to set a dangerous precedent of commenting on stock prices.
But Chesky said Airbnb is building the company for the long term and at 39 years old, “I do intend to do this for decades to come.”
There were reports last year that some board members sought to have Chesky step down, but April 2020 seems like light years ago.
In newsy bits from the interview conducted by Bloomberg's Emily Chang, Chesky said "down the road" Airbnb will certainly restart
