Airbnb Is in Settlement Talks With New York Over Data Law
- Thousands of listings at stake in one of its biggest markets
- A successful agreement will smooth road to stock listing
Photographer: Sascha Kilmer/Moment Open via Getty Images
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Airbnb Inc. is in talks with New York City to resolve a lawsuit over an ordinance that would require the home-sharing company to turn over data on hosts, jeopardizing thousands of listings in one of its biggest domestic markets.
The San Francisco-based startup filed the suit in 2018, along with Expedia Group Inc.’s HomeAway, claiming the legislation would violate privacy laws. It would also allow the city to figure out which listings violate New York’s regulations that ban entire apartments from being rented for fewer than 30 days without a tenant present. That limits legal short-term rentals to one- and two-family homes or spare bedrooms.