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The Straits Times
Singapore entrepreneur Harsh Dalal removed from Forbes list amid reports of unverifiable claims
Mr Harsh Dalal (bottom left) was featured on the cover of the April/May issue of Forbes Asia.PHOTO: FORBES ASIA
PublishedMay 14, 2021, 3:30 pm SGT
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Should I buy Airbnb shares now?
More on: Image source: Getty Images
Airbnb(NASDAQ: ABNB) shares have experienced quite a sell-off recently. Since rising to $220 in mid-February – when high-growth stocks were on fire – the stock has fallen to $143. That represents a decline of 35%. The stock is still well above (110%) its December 2020 IPO price of $68, however.
Has this share price pullback created a buying opportunity for me? Let’s take a look at the investment case.
US$12.3 TRILLION out of thin air…
And if you click here we’ll show you something that could be key to unlocking 5G’s full potential.
10 Best Summer Stocks to Buy Now
The COVID-19 pandemic caused the cancellation of summer vacation plans in 2020. Travel destinations worldwide had 1 billion fewer international visitors in 2020, which caused a direct impact on the booking, entertainment, airlines, cruises, and hotel stocks. The tourism and entertainment companies, including digital travel firm Expedia Group, Inc. (NASDAQ: EXPE), airline company Delta Air Lines, Inc. (NYSE: DAL), and Disneyland owner The Walt Disney Company (NYSE: DIS), experienced difficult times in 2020 and lost billions in revenues due to the coronavirus outbreak.
However, the mass rollouts of COVID-19 vaccines worldwide has investors hopeful for a strong recovery. According to a poll conducted by travel insurance company Allianz Partners USA, 67% of participants believe that getting the COVID-19 vaccine will make them feel comfortable enough to travel again this year. The widespread roll-out of vaccines also boosted the demand for international