> "For starters, Airbnb says it was profitable on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis for the second year in a row in 2018."
Not sure if this is financial engineering or if they're actually profitable, but I'm so curious to see how Wall St responds to this "profitability", especially since growth plays (e.g., FAANG) just cratered in Q4'18.
Not to get too involved in the dichotomy but I'm interested to see if AirBnB plays like a Snapchat (i.e., tons of hype then gets killed in the public markets), or more like a Dropbox (i.e., takes a bit of a haircut but share price remains fairly stable).