 Hmm What's up money geeks mr. V here welcome to another video guys so in today's video We are going to talk Airbnb. So there's news out there that Airbnb is planning to go to file You know paperwork with the SEC for the IPO Hopefully to go public sometime this year. We don't know exactly when that's gonna happen But the news is out there. So if Airbnb is talking to go in public. I don't know who actually put the information out there I mean, they probably would have leaked that information to see the reaction of the public Or just see the excitement about the IPO. So who knows but the news is out already. So Airbnb is planning to file paperwork to go public. So The question is is it an exciting? IPO should you be looking forward to jumping into Airbnb? We're gonna talk about that and also just look at some of their Earnings report from the second quarter and just see what Airbnb is up to but before we get started guys if you're new to the channel We talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content. So Airbnb again has put this information that they're going they plan on No filing for an IPO to go public. So some of the articles that I've been reading you can see here You know, basically, it looks like they are really working on going public with some of the information And again, the question is who actually put out this information. If it's not Airbnb, then who did? In my opinion, I think they did it on purpose to leak the information on purpose So right now if you see it, Airbnb is currently valued at about 18 Billion dollars, you know, which is this is insane So let's look at the other article here And so this is the one where it says, you know, the quarterly revenue drops 67% But they still plan on, you know, getting the IPO out there So let's look a little bit of what is really the breakdown is for Airbnb So Airbnb recorded a loss before interest tax and depreciation in Immortization of four hundred four hundred million dollars in the second quarter. Man, that's a lot of money Just one company to lose, damn But again, if you look at the business model in my opinion, even though They are losing money because of COVID, which is understandably most companies went through this, right? I think that my personal opinion, I think that Airbnb business model really fits The COVID change that was seen right now the new normal with COVID So if you if you have people that are renting out their houses or the apartments and stuff like that, you go in You're not being exposed to Other people like you would at a hotel. Imagine walking into the lobby of a hotel And what you're gonna see is you need to come in contact with a ton of people exposing you more or increasing your chances of actually getting exposed to the virus, but at an Airbnb location you go in The only person that you would be exposed to if any would be the owner of of the house And in that case most owners don't even are not even around for you to come and see them Everything is handled through Airbnb. So you show up. There is a key You grab that key go in stay there with your family or by yourself or with some friends And and then when you're done you you pack your bags and leave and so you can leave your house Get in the car drive to to your location spend a weekend or spend a week and not Actually getting contact with other people. So to me, I think it's a significant business model. It does work a support You know social distancing But at the same time you have the liberty to go out and take Know some vacation, which is awesome. So again So the first look at your first quarter here, they had about a revenue of 842 million and then second quarter now that revenue drops down to 335 which is again, it's a significant drop, but we totally understand because Travel was completely halted. I'm even surprised that they're reporting This much revenue in the second quarter because if travel was completely halted like how were they able to still Make money so people's which means that people were still traveling They'd imagine taking that travel ban out where people can now travel. I think that it's gonna be so much If I were them, I would want to go public as soon as possible because again, like I said these model of COVID Right now fits their business It's gonna give them a ton of business because people want to leave the house at the same time They want to be safe and not want to be exposed to the virus. So using an Airbnb Does make tremendous sense for for them So again a lot of this information because Airbnb is a private company. You would notice that it's just being reported by people Again, it could be a yes. It's just hearsay because they're not public So you can't find this information readily available to you But again the information that we have right now is out there They plan on filing paperwork to go public. So based on this information I think that Airbnb IPO would be exciting people are gonna be excited about I personally look at it from the perspective of growth Right now you can leave your house getting your car travel to a location Get in the house and I get exposed to other people Maybe it's a lake home or maybe a cabin up in the woods You just go there spend some time and leave without making contact with anybody I suppose to you going to a hotel that exposes you and your family to other people And you don't know who might be infected with the virus. So that would keep you safe. So that's my take So I'm excited. I'll be watching to see how this spins out as soon as this IPO comes out I am definitely going to jump on because I think that Airbnb has a huge potential Again based on some of the analysis I just did so again, if you're looking to start investing guys We both going to do a promotion way get two free stocks just for opening an account and pausing a hundred dollars And two free stocks free is free. So definitely go check them out I'll put the link in the description below and also if you're watching and you haven't already subscribed to the channel YouTube tells me that 90% of you guys watching haven't already subscribed So hit that subscribe button and the notification bell so you don't miss out on new content and as always Stay motivated