1. $Airbnb, Inc.(ABNB)$
Investors are worried about growth, but 12% revenue growth and $4.5 billion in FCF in 2024 is pretty amazing.
GBV rising 15% ex-FX indicates strong demand, although management sandbagged guidance, expecting 7-9% growth.
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2. $Coinbase Global, Inc.(COIN)$
Massive quarter.
📈Transaction revenue nearly tripled sequentially.
💸Stablecoins fell a bit because of lower rates and Binance entering the pool.
💰Coinbase now has $9.3 billion in cash assets.
More thoughts after the call.
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