Airbnb outperforms S&P 500 with 9.4% gain over two weeks
ABNB Airbnb Inc
$176.94 +0.84%
View chart & analysis → - 1Airbnb (ABNB) shares rose 9.4% over the past two weeks, while the S&P 500 fell 1.6% during the same period.
- 2Interest income in the first half of this year reached $363 million, accounting for more than one-third of pre-tax profit, with customer-held funds totaling $12.2 billion.
- 3The original text notes that Airbnb's strength in limiting accommodations to its own platform was highlighted by Meta Platforms' launch of Muse.
So what's the key point?
Airbnb's stock price rose over two weeks while the market declined. The interest earned from holding customer funds is a major profit source, helping the company withstand rising interest rates.
Source The Motley Fool +1 · View original ↗
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