Airbnb Drops NYC Lawsuit But Hosts Still Face Huge Fines
Joshua Brustein, Bloomberg
The settlement with New York City amounts to a defeat for Airbnb in its largest market in the U.S.. If it were a public company, its stock would have just taken a nosedive. Now it remains to be seen how aggressively NYC enforces penalties against hosts who aren't present during a rental.
9 hours ago