Airbnb is ramping up lobbying to overturn NYC’s rental restrictions
🏠 Airbnb, in response to New York's September 2023 registration law cutting over 18,000 listings, is investing $5 million to support pro-homesharing candidates in NYC and state offices in 2025. The law, aimed at illegal rentals, has cost Airbnb millions in revenue, prompting the company's state-specific political spending, overshadowing many larger tech firms' policy influence efforts. City officials defend the law for safety, rent control, and neighborhood peace. Full details on Bloomberg (subscription required).
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