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Technology Stocks : Airbnb, Inc.
ABNB 126.35-0.1%3:59 PM EDT
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From: gao ming12/17/2022 6:44:41 AM
1 Recommendation

Recommended By
roto

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Airbnb's Revenue is Suffering from Corruption in its China Office

Airbnb China Office is wasting too much money doing corruptive marketing. When they advertise on social medias, such as Tencent Wechat, they are really buying a lot of zombie users (using money from we stock investors)! That's because, some employees are accepting bribery from the advertising platforms, and they allow dummy new users to come to the company's customer database.
Their users' figure keeps growing, but most of them will never make a booking on Airbnb -- they are just dummy users! Therefore, the company's revenue-gaining ability is too weak, resulting the stock price to fall and fall.
As an investor who has lost more than 1 million dollars on Airbnb's stock, I strongly require Airbnb to detail all the expense and revenue data of its China Office, explain how it has been marketing, and stop it from being corruptive!
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