April 22, 2014

More legal hot water for Airbnb

It's been a roller coaster of a week for Airbnb. The startup closed a deal for $450 million in funding, attaining a valuation it'd reportedly been chasing: $10 billion. But before the bubbly had time to settle in San Francisco, bad news came from New York, where an affidavit was filed against Airbnb claiming that the majority of its listings in New York are illegal.

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