What does it mean to take a public company private?
3 Stocks I Bought This Week
Inflation dominated headlines this week with the Consumer Price Index rising 8.5% in March — its highest year-over-year expansion in 2022 so far. The companies I bought this week — Airbnb (NASDAQ: ABNB), FIGS (NYSE: FIGS), and Nvidia (NASDAQ: NVDA) — are prime examples, which is why I was excited to add more to my positions. Trading at 18 times sales as of this writing, Airbnb’s valuation is near the lowest it has ever been as a public company, yet its business is operating at all-time highs.