1. On May 9th, 2023,Airbnb (ABNB) announced that earnings were $0.18 per share, beating analyst forecasts of $0.10, additionally actual revenue was $1.82 billion, beating forecasts of $1.79billion. However, the stock price fell from $126.60 on May 9 to $109.85 on May 10. Does this example indicate that markets are not efficient? Explain your answer. https://www.marketbeat.com/stocks/NASDAQ/ABNB/earnings/

Answer rating: 100% (QA)

This example does not necessarily indicate that markets are not efficient There are a few factors to ... View the full answer