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Since early 2017, the travel industry and beyond have been speculating about an Airbnb IPO. Years later, the start-up, which debuted in 2008 when Joe Gebbia and Brian Chesky rented out air mattresses in their San Francisco apartment, has officially gone public, with a market capitalization of some $101.6 billion. Thatâs more than Expedia Group and Marriott International combined, according to
âToday signifies that we re no longer the alternative,â says Gebbia. âA lot of people used to say, âOh, thatâs the alternative booking platform.â But we ve become people s first choice.â
So what does the IPO mean to Airbnbâs guests and hosts? Not much, if you ask Gebbia. âBeing public will just allow us to keep investing in new features and capabilities for guests and hosts,â he says. âIt s not the beginning of anything, it s not the end of anything, itâs just a milestone on a much longer journey.â
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