NYC's strict Airbnb ban faces a new challenge [Business Insider]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Business Insider
Proposed changes include raising the guest cap and allowing hosts to rent when they're not home. Critics say the ban hasn't made housing more affordable, while supporters maintain it will in time. New legislation could loosen some of New York City's rules regulating Airbnbs. It's the latest chapter in the nearly two-year-long battle since the adoption of Local Law 18, which requires Airbnb hosts to officially register with the city, limit the number of guests, and remain on-site during stays. Like dozens of other cities around the world , New York City has grappled with how to regulate short-term rentals; advocates hoped the restrictions would increase housing inventory and improve affordability. A new bill, introduced by City Council member Farah Louis in November, would relax the current restrictions. Proposed changes include raising the guest cap from two to four people at a time and allowing hosts to rent their spaces when they're not present. Some one- and two-family
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ABNB
News
- Airbnb, Inc. (ABNB) Advances But Underperforms Market: Key Facts [Yahoo! Finance]Yahoo! Finance
- How short-term vacation rentals use a decades-old internet law to dodge safety concerns [CNN]CNN
- How short-term vacation rentals use a decades-old internet law to dodge safety concerns [CNN]CNN
- Strength Seen in Airbnb (ABNB): Can Its 3.8% Jump Turn into More Strength? [Yahoo! Finance]Yahoo! Finance
- The big winner of the Airbnboom: luxury rentals [Yahoo! Finance]Yahoo! Finance
ABNB
Earnings
- 11/7/24 - Miss
ABNB
Sec Filings
- 12/23/24 - Form 144
- 12/19/24 - Form 4
- 12/13/24 - Form 4
- ABNB's page on the SEC website