Money Losing, Short Term Rental Platform Sonder Gets Saved by Gores SPAC
Posted on 04/30/2021
San Francisco-based Sonder Holdings Inc. (Sonder) officially launched in 2014 and was co-founded by Francis Davidson, Chief Executive Officer, and Martin Picard, Global Head of Real Estate. Sonder is a hospitality company focused at short-term rentals. Sonder currently operates more than 300 properties across 35 markets in eight countries. Sonder works directly with real estate developers and property owners to lease, manage and operate spaces, providing guests with exceptionally designed accommodations at affordable prices on a nightly, weekly or monthly basis. Sonder is dependent on landlords to manage and maintain properties and maybe unable to negotiate attractive rates with new properties. Sonder’s leases are also subject to early termination.
Reuters/Carlo Allegri
FuboTV is a divisive media stock that experts briefly thought could be the next GameStop.
We break down the primary bull and the bear cases along with the views of former employees.
Bulls believe in streaming and sports gambling, and that management can make the pay-TV model work.
Bears argue the pay-TV business as a standalone faces too many challenges.
FuboTV is one of the most divisive media stocks on Wall Street.
The stock has been on a roller coaster since its initial public offering amid market speculation about the trends at FuboTV s core, including the rise of streaming and sports gambling. Investors lined up earlier this year to short the stock amid speculation that investors would bail when the post-IPO lock-up period expired. And, for a moment, some industry experts thought FuboTV could be the next stock propelled by the legions of retail investors on the WallStreetBets Reddit forum, who were taking long positions
Volumes buying these dips so the fear even though the market does not make a new low and the vix index or measurement of fear did not make a new high in last weeks sell-off, short-term, it s looking like the markets are holding but longer term we have these larger issues with the reconciliation point. neil: maybe to joanas s point we kick it and always say this time that every single time, we pounce on them and ignore them. well it s not if there s a recession it s when, because the business cycle is the business cycle is the business cycle. i ve been saying that for five years. [laughter] neil: i guess not. yeah, and you bring up this we work and all of this stuff. i actually think that it s good news because the investment banker neil: we earned a lot more. the investment bankers did their usual they end they came out with ridiculous valuations on money losing companies and i think we re getting back to the real-world where a public is not going to get screwed. i think we