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Airbnb Agrees to Give Host Data to NYC in Settlement

  • Move could cost Airbnb thousands of listings in the city
  • Longstanding dispute was seen as impediment to stock debut
Airbnb Online Marketplace Illustrations As IPO Prospects Diminish
Photographer: Gabby Jones/Bloomberg
Corrected

Airbnb Inc. has settled a major lawsuit against New York City and agreed to hand over personal data on its hosts, helping officials track down those who rent their homes in violation of city regulations.

The agreement announced Friday could cost Airbnb tens of thousands of listings in the Big Apple, but it also gets the home-share startup closer to its ultimate goal -- clarifying its legal status in one of the San Francisco-based company’s biggest domestic markets.