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12 Top Fintech Bankers at Morgan Stanley, Goldman Sachs, and More

Bird pioneered scooter sharing Now it s going public

Bird pioneered scooter sharing. Now it s going public. CNN 2 hrs ago By Matt McFarland, CNN Business © Samuel Rigelhaupt/Sipa USA/Alamy Stock Photo Bird scooters are located in the downtown area of Nashville, Tennessee on May 2, 2021. Visitors and residents can scooters by Bird, Spin and Lime and are available dockless in many areas of the city. Bird, the startup that pioneered shared electric scooters, plans to go public as soon as this summer. Bird will merge with a special purpose acquisition company, Switchback II Corporation, valuing the startup at $2.3 billion. After the merger, the company will have up to $428 million in cash to fund operations and growth.

(DASH), GrubHub (NYSE:GRUB) - The Food Delivery Business Won The Pandemic But Uncertainty Lies Ahead

Share: Food delivery was a rare place of major activity in a year shaped by the global pandemic, with stay-in-place orders helping fuel demand for at-home dining. Consolidation has been a major trend among these companies in an effort to capture additional market share and serve more geographies. With their latest earnings reports, Uber Technologies Inc (NYSE: UBER) and GrubHub Inc (NYSE: GRUB) showed that food deliveries are still going strong despite eased restrictions. This week, DoorDash Inc (NYSE: DASH) is expected to also provide reassurance that this positive trend will last once customers are no longer homebound and restaurants have reopened.

Airbnb Looks Expensive, but Game-Changing Business Model Renders Most Metrics Useless

Traditional valuation metrics indicate that home rental pioneer Airbnb (NASDAQ:ABNB) is a vastly overpriced stock with an unfavorable risk/reward profile. At about 17 times estimated revenue for this year, Airbnb isn t going to land on many value investors desks. The picture doesn t improve when the stock is stacked up against rivals in the online travel booking space, such as VRBO owner Expedia, which is trading at less than four times expected sales. For many, the valuation story ends there, with Airbnb s nose-bleed price-to-sales metric putting the stock well out of investors comfort zones. I believe this may be a monumental mistake, however, since common valuation measures fail to capture the long-term growth potential of a game-changing company like Airbnb.

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