5 Biggest Gig Economy Companies In The World

03. Airbnb, Inc. (NASDAQ:ABNB)

Market Capitalization as of November 3, 2022: $68.37 billion

Number of Hedge Fund Holders as of Q2, 2022: 57

Airbnb, Inc. (NASDAQ:ABNB) was founded in 2007 and is located in San Francisco, California. Airbnb, Inc. (NASDAQ:ABNB), together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. Airbnb, Inc. (NASDAQ:ABNB) marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

When Covid-19 was at its worst, Airbnb, Inc. (NASDAQ:ABNB) suffered greatly, just like other travel-related firms. It adjusted as best it could, with some hosts providing “work from home office space” and others marketing their rentals as a COVID-safe substitute for a crowded hotel. By the middle of 2021, Airbnb’s revenue had fully increased to the levels seen in 2019. On November 2, Cowen analyst Kevin Kopelman lowered his price target on Airbnb, Inc. (NASDAQ:ABNB) to $125 from $140 and kept an Outperform rating on the shares.