Meta, Uber, Airbnb, and Snap IPO Returns
+ Don’t be Enamored with Textbook PM
What do Meta, Uber, Airbnb, and Snap have in common?
IPO investors haven’t done very well:
What’s going on?
1. Companies are staying private longer than ever
All 4 of these companies were darlings of Silicon Valley before they went public. They stayed private while famous:
SNAP: 6 years
META: 8 years
UBER: 10 years
ABNB: 12 …
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