The Market Just Crossed a Dangerous Line

The man who predicted the 2008 crash and 2020 says today's soaring markets are NOT a bubble - they're something far stranger and more dangerous. He says it's about to change everything you know about money.

Jim Cramer Says Airbnb 'Best Of Crop' From 'Wild Times' IPOs

Shivdeep Dhaliwal
March 12, 2025

TV host Jim Cramer said Monday on Twitter that Airbnb Inc (NASDAQ: ABNB) “might be the best of that crop of companies that came public during those wild times.”

See Also: How To Buy Airbnb (ABNB) Shares

Airbnb went public on Dec. 10, 2020, and priced its initial public offering at $68 per share. The rental intermediary sold 51.5 million shares for $3.5 billion. 

Another notable IPO around the same period was DoorDash, Inc (NYSE: DASH), which priced its shares at $102.

As of Tuesday's closing, Airbnb’s shares had returned 113.23% from the IPO price, while DoorDash had decreased 22.2% from its IPO debut price tag. 

On Tuesday, Airbnb shares shot up 5.45% to $152.90 in extended trading after closing 5.1% lower at $145 in the regular hours. 

Airbnb reported its first-quarter earnings on Tuesday, beating earnings estimates by 89.66%. The company lost 3 cents per share, beating an estimated loss of 29 cents per share. 

The vacation rental company had also beaten earnings in the previous quarter by $0.05. 

Photo Courtesy: Pvince73 On Shutterstock.com

Read Next: Airbnb To Let Employees 'Live And Work Anywhere' — But Here's The Fine Print

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