Skift Take

Thursday was a historic day for Airbnb and the travel industry at large. Airbnb is a excellent business, but is it a $100 billion business?

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Airbnb priced its historic initial public offering at $68 per share for a company valuation of $47 billion. That’s the largest travel IPO in history by a mile — the next closest was Hilton’s 2013 listing valued at $19.7 billion. Shockingly, shares soared even higher in t