New NYC law, San Francisco lawsuit highlight global risks for Airbnb
by Heather Somerville and Tina Bellon, Reuters
Airbnb, the online lodging service that investors now believe is worth $30 billion, faces a reckoning.
In eight years of torrid growth, the company has often clashed with local public officials seeking to minimize the impact of short-term rentals on neighborhoods and urban housing markets. Now, those simmering tensions are starting to boil.