Under the terms of the new fund-raising, Airbnb will have tripled its valuation in two years, reports NYT.
In November, the company forecast revenues of only $900 million for the year ending 2015. That is the deal is valued at approximately 30 times revenues!
This is nothing at all what a recession looks like.
-RW
What on Earth does a fantastical valuation of one up-hyped company have to do with whether there is a recession on or not?
ReplyDeleteWhat about the May job report and the downward revised earlier reports? What about all the negative economic data that has been coming out for months on end?
Is that what a boom phase looks like?