Jack of All Trades: High Stakes 02.13.2026
Crypto, travel, and commercial real estate diverged: Coinbase missed (revenue -21.6% crypto winter) but resilient +0.6% on FCF $3.07B, Airbnb surged +7% on GBV +16% 2-yr high (Reserve Now Pay Later catalyst), CBRE beat on data centers (14% EBITDA, $2B 2026 target)—execution trumped cyclicality