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Priced into what? Stock prices?

Branson had to dig into his purses to bail out Virgin recently. Layoffs are periodically occurring in the air travel world. No one knows precisely when it ends.

What does "priced in" mean? Some sort of perfect market pricing thesis manifesting or am I reading into it?

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This thread is about Airbnb in particular. Yes I mean their stock price, from the perspective of whether or not Airbnb is a good investment.

What stock price, the IPO one? I don't know if you follow IPO price points, but they fluctuate wildly in the day of the IPO. Downvote or no, the idea that something like the pandemic is priced in doesn't even make sense given the volatility.

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