Airbnb, which has become a darling of tech entrepreneurs and investors, has gone public and it’s time for everyone to pay attention to its valuation.
Here’s how the stock fell over the past two weeks and how its stock has changed over the last two months.
Read moreThe short-term market has fallen dramatically.
Airbnb shares have been down almost 50% from their all-time highs of $500 million a few months ago.
That was a big hit for investors who had been bullish on the stock, which went from a $2.5 billion market cap to $4 billion in just three months.
The stock was trading near $5 a share at one point on Tuesday.
Now it’s trading at about $3.00 a share.
And its market cap has fallen from $5 billion to $3 billion.
That’s a big blow for investors.
Airbnb’s share price has fallen by almost 50%.
Airbnb shares are down about 50% over the two weeks.
That means investors are holding back from investing in the stock and it is now trading at around $3 a share, or a loss of more than 50%.
And that loss of capital has also hit the stock.
Airbnb has lost nearly $2 billion on its public offering, and it lost more than $1 billion in its last trading day.
That’s a loss for a company that had raised $3 million in its public market offering.
The shares were trading near a low of $2 a share on Tuesday morning.
That dropped to $1.70 a share just two days later, when the company raised more money to get back to the market.