The online marketplace will offer loans of between £500 and £1m to 300,000 businesses via a partnership with fintech firm YouLend.
Traditional valuation metrics indicate that home rental pioneer Airbnb (NASDAQ: ABNB) is a vastly overpriced stock with an unfavorable risk/reward profile. At about 17 times estimated revenue for this year, Airbnb isn't going to land on many value investors' desks. The picture doesn't improve when the stock is stacked up against rivals in the online travel booking space, such as VRBO owner Expedia, which is trading at less than four times expected sales.
Ebay Inc on Tuesday allowed the sale of non-fungible tokens for digital collectibles like trading cards, images or video clips on its platform, the first e-commerce company to tap into the recent frenzy around NFTs. NFTs, virtual assets that exist on a blockchain ledger, have exploded in popularity this year, as enthusiasts spend enormous sums of money on artwork and other items that exist only online, with some selling for tens of millions of dollars recently at auction houses Christie's and Sotheby's. While multi-million dollar deals, including the $69 million sale of a digital artwork by Beeple in March, have created ripples in the art world, a market for digital collectibles such as NFT trading cards, images or video clips have also thrived alongside.