Posted 2/24/2024, 10:04:00 AM
Amazon and Airbnb Show Resilience and Growth Potential Despite Headwinds
- Amazon's business rebounded in 2022 and has long-term growth potential in areas like e-commerce, cloud computing, and AI
- Amazon Web Services is highly profitable and has a long runway for further growth
- Airbnb keeps posting strong financial results but the stock has lagged due to legal issues and seeming expensive
- Airbnb's network is expanding rapidly which strengthens its competitive position
- Airbnb is entering new geographical markets and plans to expand beyond its core business into new areas