"A horrible use of $2 billion."

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 3 August 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Airbnb's record bookings in the 2nd quarter weren't enough to boost the stock higher. Why? (0:25) Tim Beyers discusses: - Airbnb's highly questionable decision to allocate $2 billion for a share buyback plan - Match Group shares hitting a new low as the business clearly has work to do - MicroStrategy CEO Michael Saylor stepping down after the company reports an eye-popping loss of $94 a share Sign up for Stock Advisor at http://fool.com/foolfest and you’ll get a complimentary digital pass to our FoolFest 2022, our 2-day investing conference! (13:35) Ricky Mulvey talks with WSJ tech columnist Christopher Mims about Meta Platforms, Apple, and how companies are really using artificial intelligence. Stocks discussed on the show: ABNB, MTCH, BMBL, MSTR, META, AAPL Host: Chris Hill Guests: Tim Beyers, Christopher Mims Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The fight between Apple and Meta platforms is heating up and we've got the latest.
0:09.9	Motley Fool Money starts now.
0:12.0	I'm Chris Hill, joined by Motley Fool's Senior Endless Tim Bires, our man in Colorado.
0:25.9	Thanks for being here.
0:26.9	We'll be caffeinated, ready to go, Chris.
0:29.7	It's good because we got a bunch of earnings to get to.
0:32.0	We're going to start with Airbnb and help me understand what's going on here because Airbnb's
0:37.3	second quarter revenue was up nearly 60%.
0:41.0	Their bookings were a record.
0:44.0	At one point this morning, the stock was down more than 10%.
0:47.3	It's recovered a bit.
0:48.9	It's as we're recording this a little before lunchtime.
0:53.8	It is still down 5%.
0:56.4	This is a great quarter.
0:58.0	What am I missing?
0:59.0	I don't think you're missing anything.
1:01.8	It came in at 2.1 billion up 58% a year ago and apparently a hair below the consensus of
1:09.8	2.1 billion.
1:11.8	If that sounds like splitting hairs of hairs, you're right.
1:17.6	Revenues were up 64% on a constant currency basis.
1:21.6	It's just like last time you and I got together, we said less bad is the new good and here's
1:31.1	the reverse of that.
	...

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