![]() The company also brags in its regulatory filing that pandemic-related spending cuts, including slashing headcount by 25%, make it more efficient going forward.Ĭons: The pandemic showed that the travel industry is subject to sharp downturns that cut into Airbnb’s sales, and infections are on the rise again worldwide. Bookings were down 72% in April compared to the same month in 2019, but for June through September, the declined narrowed to 19% to 23%. Pros: The fast-growing startup took a huge hit when COVID-19 curbed travel, but has since almost bounced back. Their little web site,, eventually grew into the titan that has rented space to 825 million customers cumulatively across 220 countries. Symbol: ABNB First nine months of 2020 revenue: $2.52 billion Revenue growth: -32% Gross margin: 74% Net loss: $697 millionĪs the now-famous story goes, Airbnb co-founders Brian Chesky and Joe Gebbia decided to rent some airbeds in their San Francisco apartment after a big design conference caused local hotels to be fully booked. ![]() And more than one-quarter of all of Affirm’s lending has so far come from customers of a single retail partner: Peloton. So could big banks or other financial institutions that can borrow money more cheaply than Affirm can. ![]() And Affirm says its data analysis of consumers’ ability to pay lets it avoid major losses.Ĭons: The largest e-commerce sites, like Amazon and Walmart, have no need for Affirm and could even launch their own lending services. As e-commerce grows, there’s plenty of room for growth in the market-less than 1% of e-commerce transactions in North America relied on “buy now pay later” deals. ![]() Like other hot consumer companies, Affirm also touts its net promoter score of 78, suggesting more than three-quarters of customers would recommend the company. ![]() Pros: Affirm says its “buy now, pay later” system is superior to credit cards, with no hidden fees or high interest rates (most Affirm offers are zero interest rate). ![]()
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