We're budgeting $400,000 to flip 5 train cars into Airbnbs. It all started with a 1970s caboose we bought on Facebook marketplace. [Business Insider]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Business Insider
One night, Karen spotted a historic 1970s caboose on Facebook Marketplace and got inspired. Now, the couple is budgeting at least $400,000 to build an Airbnb park for train enthusiasts. One Ohio couple is all-in on ambitious project to turn historic train cabooses into short-term rental getaways. Ray and Karen DeVite spoke to Business Insider about the project, which all began with a fateful Facebook Marketplace scroll. The couple had purchased land in Xenia, Ohio with the intention of developing it. One night, Karen was scrolling Facebook and by chance saw an advertisement for a historic train caboose. "When I put in 'trains', I was just expecting to find some lights or lanterns," Karen told BI. "I sure wasn't expecting to find a full-sized caboose." Now, the couple has a historic 1970's Chessie System caboose and 1950's Nickel Plate Road caboose, purchased from the same seller they found on Facebook. As the short-term rental market becomes more competitive following the
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ABNB
News
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- 1 Growth Stock Down 33% to Buy Hand Over Fist Right Now [Yahoo! Finance]Yahoo! Finance
- Here is What to Know Beyond Why Airbnb, Inc. (ABNB) is a Trending Stock [Yahoo! Finance Canada]Yahoo! Finance Canada
- Polymarket Raises $70m From Thiel's Founders Fund, General Catalyst, Vitalik Buterin to Scale Global Prediction Market [Yahoo! Finance]Yahoo! Finance
- VAYK Added New Manager for Expansion into $64 Billion Domestic Short-term Rental Market [Yahoo! Finance]Yahoo! Finance
ABNB
Earnings
- 5/8/24 - Beat
ABNB
Sec Filings
- 5/14/24 - Form 144
- 5/9/24 - Form 4
- 5/8/24 - Form 10-Q
- ABNB's page on the SEC website