IPO or Hype-PO?.... DoorDash and Airbnb shares came in hotter than spicy pad thai in a Miami beach condo. By the time DoorDash stock hit the market, it had already soared 78% from its $102/share IPO price. It closed the week at $175, notching a $55B+ market value — more than 3X its June valuation. Airbnb IPO'd at $68, but opened for trading at more than double that. It closed on Friday with an $83B market value, more than Marriott and Hilton combined — and more than 4X its April valuation.
Young Simba energy... Disney shares soared 14% to an all-time high last week because intellectual property is king. Disney+ now has ~87M subscribers and expects 230M to 260M by 2024. If you include Hulu and ESPN+, Disney has 137M streaming subscribers (quickly catching up with Netflix's 195M). Disney unveiled an avalanche of upcoming content, from Marvel movies to a dozen Star Wars spinoffs. Aaaaand: Disney+ is getting $1 more expensive.