> Just because you’re Goldman does not mean you can predict where a share price will go on day 1.
The EMH doesn't apply if there wasn't a previous market price. This was an absolutely massive move, and I'm supposed to believe there was no indication of that ahead of time.
You can definitely model supply and demand if you're Goldman - I'm not saying that you can predict market moves, but this wasn't a move from a previous efficient market-determined price.
> $50B is already high given travel hasn’t fully recovered yet is makes no sense.
$50B is not high by definition given the current market pricing.
I don’t really know why you’re so caught up in this.
Airbnb could take advantage of their stock price and issue more shares in a secondary offering tomorrow if they wanted to and “screw” the investors who doubled their money in a day by diluting them. It’s not like this was their one shot of raising money ever again.
There’s really nothing for Airbnb to be mad about.
The EMH doesn't apply if there wasn't a previous market price. This was an absolutely massive move, and I'm supposed to believe there was no indication of that ahead of time.
You can definitely model supply and demand if you're Goldman - I'm not saying that you can predict market moves, but this wasn't a move from a previous efficient market-determined price.
> $50B is already high given travel hasn’t fully recovered yet is makes no sense.
$50B is not high by definition given the current market pricing.