December 7, 2016
Airbnb has reached that moment in a brash young startups life where it decides it’s in its best interest to acknowledge the existence of rules. Airbnb has always operated under a cloud of legal uncertainty as it battled city governments over how to regulate its network of short-term rental properties. The company has been kicking it into high gear to clear the situation up in recent days. On Wednesday, it released a report laying out its approach to local regulations, trying to capitalize on a weeklong stretch in which it agreed to enforce limits on rentals in London and Amsterdam, dropped a lawsuit against New York City, and praised new rules in New Orleans as a potential nationwide model. Linda Rosenthal, a state assemblymember who sponsored the New York bill that Airbnb sued to block, called the company’s decision to drop the suit a complete surrender. “Their business model is predicated on these illegal rentals,” she said. “We’ll see what their value is now.”…
Source: https://www.bloomberg.com/news/articles/2016-12-07/airbnb-turns-the-volume-down-on-its-fights-with-regulators-everywhere
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