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Airbnb Loses Jersey City Home-Share War by a Landslide

  • About 70% of residents vote to restrict short-term rentals
  • High-stakes clash in Jersey City comes ahead of Airbnb’s IPO
Airbnb

Photographer: Thomas Trutschel/Getty Images

The bitter, multi-million dollar battle over home-sharing in Jersey City has come to an end -- with Airbnb Inc. losing the fight.

Early results -- which need to be officially certified by the local county clerk’s office -- show about 70% of residents voted to restrict home-sharing companies like Airbnb. The blow comes as the $31 billion tech juggernaut, which is preparing to go public next year, strives to resolve regulatory overhang around the U.S.