Airbnb, Inc. (ABNB): A Bear Case Theory

We came across a bearish thesis on Airbnb, Inc. (ABNB) on Wolf of Harcourt Street’s Substack. In this article, we will summarize the bears’ thesis on ABNB. Airbnb, Inc. (ABNB)'s share was trading at $137.29 as of 5^th June. ABNB’s trailing and forward P/E were 34.85 and 31.45 respectively according to Yahoo Finance.

[caption id="attachment_1200849" align="aligncenter" width="768"] A family boarding an airplane with their suitcases, symbolic of the company's reach into the global travel industry.[/caption]

After years of promise and steady ownership since 2021, the investor...