The Big Shot in Real Estate Turns Big Profit Amid the Chaos
Key Points:
- The undisputed king of the real estate realm has rolled in riches, reporting $9.9 billion in total revenue for the year. We’re talking Scrooge McDuck style coin-diving pools here, folks.
- Like a Hollywood plot twist nobody saw coming, this immense treasure trove isn’t just a petty cash jar – nearly half of this giant pile of green is pure, sweet company profit. That’s plenty of dough to bake a lot of bread!
- Now, every story needs a good comparison, right? So imagine this: this whopping sum is more than double the total revenue the company earned in 2019. Yes, you heard it right – it’s like Popeye after a can of spinach, except in this case, the pandemic has played the role of the iron-packed veggie.
Hot Take:
Remember when you were young and your parents would tell you not to count your chickens before they hatched? Well, this company didn’t just count their chickens, they ran the whole farm! Who would have thought that while most of us were busy hoarding toilet paper and pasta, this real estate giant was stuffing their pockets with billions (that’s right, billions with a capital ‘B’).
Here we were thinking the pandemic was the Grinch who stole the economy, but it seems like for some, it acted more like Santa Claus. If there’s one thing we learned from this it’s that when life gives you lemons, you make a lemonade stand and then sell it for a billion dollars… or something like that. Bottom line? Some really know how to play the real estate game in hard mode. Maybe it’s time for the rest of us to, you know… step up our Monopoly skills? Just a thought.
Original article: https://www.inman.com/2024/02/13/airbnb-earned-10b-last-year-more-than-double-pre-pandemic/
