📈 Consumer comfort services (DoorDash, Airbnb, Uber) best asset of 2024

Jason equities w=0.97 · n=105 · E160 (2024-01-06) · positioning · strength 2 ▶ 56:01 SUPPORT · horizon 12mo

“I'm going to go with consumer comfort services... small luxuries like DoorDash, Airbnb, Uber... And I'm talking my book in two out of those three, which I own shares in... consumers are going to keep treating themselves.”

Jason equities w=0.97 · n=105 · E162 (2024-01-19) · sentiment · strength 1 ▶ 55:03 SUPPORT

“And I think that's where like these super apps are doing really well or Airbnb adding, you know, some inventory in a new city that they unlock”

Chamath equities w=0.84 · n=160 · E163 (2024-01-26) · explicit_prediction · strength 2 ▶ 3:42 OPPOSE · horizon 9mo

“we are now really in the belt-tightening phase of this kind of economic process. So I think that the next probably six to nine months are more of these kinds of things, where folks realize that the amount of discretionary income that people had is less”

Chamath equities w=0.84 · n=160 · E183 (2024-06-14) · explicit_prediction · strength 2 ▶ 1:12:09 OPPOSE

“And what's interesting is that we have finally burned through, and this is what this picture shows, all of the money that folks had in their bank accounts.”

Chamath equities w=0.84 · n=160 · E189 (2024-07-26) · explicit_prediction · strength 2 ▶ 19:20 OPPOSE

“I think that when you see a broad-based set of revenue misses, that will kind of mean that the consumer is really under pressure. I still think that that's more in the fall, but we're headed in that direction.”

Chamath equities w=0.84 · n=160 · E191 (2024-08-09) · explicit_prediction · strength 2 ▶ 29:46 OPPOSE

“but like Airbnb, where you think all these young people are running around, yoloing whatever cash they have, Airbnb had a massive warning on demand.”

Sacks equities w=0.89 · n=96 · E191 (2024-08-09) · sentiment · strength 2 ▶ 34:24 OPPOSE

“Airbnb stock went down 15% in one day on soft demand. And what's driving all of this is consumer weakness, or at least fear of consumer weakness.”

Jason equities w=0.97 · n=105 · E191 (2024-08-09) · sentiment · strength 2 ▶ 33:08 OPPOSE

“Consumers are definitely weakening on the low end, Airbnb and Amazon are example of bargain hunting, people who are looking for discounts, who want to save money with those services.”

Sacks equities w=0.89 · n=96 · E192 (2024-08-16) · sentiment · strength 2 ▶ 33:06 OPPOSE

“And I think more and more consumers are just saying that this is a luxury good. I'm looking to cut costs.”

Friedberg equities w=0.87 · n=120 · E192 (2024-08-16) · explicit_prediction · strength 2 ▶ 1:11:33 OPPOSE

“To support your point and what Chamath was messaging on our chat, look at Walmart. Stocks up 7% today. Because they offer lower priced solutions to consumers. And Dollar General and Dollar Tree are rallying as well.”