Since before the IPO of the corporation on Dec. 10, Airbnb (NASDAQ:ABNB) has taken off. Airbnb shares, which are currently trading at $180.40, have more than twice its IPO price of $68 a share, because of their turmoil for the travel industry.
The aggregate value of Airbnb’s Universal Pictures and Expedia Group competitors have now faded by $108.44 billion (NASDAQ:EXPE).Fund managers who skipped the rally may wonder if they should follow the growing stock price of Airbnb. First of all, though, you have to understand why Airbnb gets such love.
Scalable business model and robust
DraftKings DKNG expanded the presence in sports betting recently with the presentation in Virginia of its wireless sportsbook app.
The smartphone sports-betting app will offer the Virgin customers a wager baseball and cricket, as well as a football, soccer, tennis, motor sports and basketball in more than 250 ligas.
Furthermore, athletic improvement would be allowed to bet on college sports except in state schools and university advertisement teams.
At the moment, Legalization of sports betting in several jurisdictions has drawn the attention of DraftKings’ (NASDAQ: DKNG at https://www.webull.com/quote/nasdaq-dkng) Sportsbook app sports betting customers. Moreover, important momentum is important for online players on platforms like online poker, casino games and lottery.
In addition, high demand for iGaming, such as Blackjack and Roulette online, has generated traction in the iGaming platform of the group. This has further strengthened its competitive success against Capcom and Boyd Gaming BYD.
Moreover, after coronavirus-induced cancelations, the revival of major sporting activities has expanded the consumer participation on the company’s e-sports wagering site further.
In addition, the large content pipeline is being helped by related agreements with Disney’s DIS ESPN and Turner Sports, AT&T’s T WarnerMedia affiliate, as well as by collaborations with major sports clubs, including the Major League Baseball, the Chicago Cubs, the New York Giants, the Colorado Rockies, Nashville Predators.
When did this occur?
Face to face company meetings is taken over by lockdowns and Zoom Camera Messages. This may have sounded the death knife for many investors for airlines and other players in the travel industry. Notably, the average monthly single payer of DraftKings rose 64% year-over-year from 621,000 to 1,021,000 in the third quarter of 2020. This advancement was motivated largely by an increased participation of users on their sports and casino sites.
In addition, it is well-founded for the long-distance head of an organization to launch the mobile Sportsbook software and iGaming in many new nations. (NASDAQ: DKNG)The arrival of the mobile sports Betting service recently revealed in Virginia takes the business to a total of 12 United States countries. The mobile sportsbook and casino app of DraftKings was released in Michigan, on Jan 22.However, since then, 70% of pre-COVID bookings have recovered. If you want to know more information like for nyse gme, you can check at https://www.webull.com/quote/nyse-gme.