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Airbnb fumbles the UTXO and buys back $6B of its stock
332 sats \ 6 comments \ @BlokchainB 7 Aug Stacker_Stocks
They could have stacked almost 52k in bitcoin instead of buying back its stock. Like Saylor said these companies are destroying capital.
And shareholders are they benefiting from this capital destruction?
Definitely not today! Investors don’t care. AirBnB might have a growth problem thus the stock price is compressing.
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105 sats \ 1 reply \ @0xbitcoiner 7 Aug
Damn! They're buying 8% of the market cap? Isn't that a huge amount for a deal like this?
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33 sats \ 0 replies \ @BlokchainB OP 7 Aug
Yeah one would think
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93 sats \ 0 replies \ @grayruby 7 Aug
I think Uber is doing a big share buyback too.
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89 sats \ 2 replies \ @kurszusz 17 Aug
I sold all of my airbnb shares in 2021.... And I'm not interested to buy back right now...maybe in the "next cycle"...
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10 sats \ 1 reply \ @BlokchainB OP 17 Aug
Smart stacker
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0 sats \ 0 replies \ @kurszusz 20h
More lucky than smart... In 2021 I had much less knowledge about the market than I do now... I bought a few stocks in 2020 at the very beginning of COVID (not just Airbnb, but others too), and sold them all in 2021 :)
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