Why Airbnb Stock Popped Again Today

The past several days have seen a general updraft in the value of Airbnb (NASDAQ: ABNB) shares, including gains of 8.6% yesterday and a further 6.2% today, as of 12:35 p.m. EST. As TheHill reported Friday afternoon, Airbnb is following in the footsteps of companies like Walmart and Amazon.com, and offering its help to the new Biden administration in accelerating the rollout of vaccinations against COVID-19. Early last year, the arrival of the coronavirus on American shores threatened to destroy the business model of this recent IPO, as the travel and vacation industries ground to a halt.