KEY TAKEAWAYS Shares in Airbnb, which posted higher-than-estimated earnings Thursday, are surging in morning trading Friday, as the company invoked Amazon’s do-everything retail approach with plans to move well beyond just being a vacation rental app.

Airbnb Inc. on Thursday forecast first-quarter sales that came up a bit shy of Wall Street’s expectations, but the vacation-rental platform said it expects to continue to build on strides it made last year,

Airbnb stock surged after fourth-quarter earnings beat expectations. It has largely missed out on the travel boom but that may be about to change as the short-term rental company positions its app to become the Amazon.

Airbnb CEO Brian Chesky said people use the app once or twice a year. He wants to raise that to once or twice a week.

Airbnb shares surged 14% and headed for their best day ever after the company reported stronger-than-expected fourth-quarter earnings.