I am not an expert, but I don't this Airbnb is a sensible investment at all. But I'm open to hearing the other side of the spectrum on what the Airbnb bulls think.
They operate in the travel industry and they do face tough competition from booking.com, Expedia etc. I think a company like Uber could get into travel and eat into Airbnb's market share further if they wanted to.
I specifically want to hear from the current Airbnb investors and why they are bullish on the stock. I cannot see this company thriving 15 years from now.