The Hype Show Starring Airbnb & DoorDash

I was disappointed in the price per share for DoorDash and Airbnb as they made their debut to the stock market. It is what it is, I have no say so in this. DoorDash raised 3.5 billion by selling shares at $102 in IPO and made a debut at $182. Airbnb opened at $146 valuating the company at $100 billion.

CGEI likes to enlighten, motivate, educate and inform members of different elements of the stock market beginners may not recognize. One of those things this is called "Hype." Things can be hyped up in the media and I think most of us know of this. Here's the thing, these companies can be over hyped as well. In many cases management is responsible for the Hype.

In my opinion, and other analysis feel the same, DoorDash is seriously over hyped. They were looking for $40 billion in IPO, but went down to $4 billion. We always have to keep an eye open for shifty management. DoorDash do have competition, plus, most people I know use GrubHub, which is currently $70 per share.

On the other hand Airbnb is a different story though they took a dip in profit in 2020, but for the most part they have been profitable. They have less competition, though other platforms will model themselves after Airbnb. Yesterday they were accepting limit orders at $68, which I did make a order.

Their debut to the market started at $146. There is hype around the company, but not to the magnitude of DoorDash. With no competition and some hype, Airbnb could open at this price. I was never really big on DoorDash so I bought yesterday and sold today. I did buy Airbnb and plan to hold long term.

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