Morningstar – As we head into the end of 2020, investors continue to look for lucrative opportunities to end the year on a strong note. One event that investors are closely watching is this week’s Airbnb IPO.
Dale Carlson of ShareBetter San Fransisco said on the SHARE webinar that he wrote a letter to the SEC, asking that Airbnb disclose how much revenue comes from commercial operators as opposed to home sharers. “The SEC filings do not answer this, and Airbnb continues to promote home sharing as foundation of their business model while in fact most of the revenue and profitability depends on people with hundreds of units that have illegally been converted from residences to full time tourist accommodations. That is deeply troubling,” he said.Read Full Article