Business Wars Airbnb vs NYC | The Gathering Storm | 3
Mar 23, 2022
By 2017, Airbnb faces mounting legal troubles and an unforeseen challenge: the COVID-19 pandemic. The podcast uncovers a tense confrontation in Manhattan involving private investigators and highlights the growing conflict over short-term rental regulations. Local frustrations over rising rents and housing shortages intensify as Airbnb expands amidst these challenges. The pandemic shifts consumer behavior towards suburban rentals, showcasing both struggles and unexpected financial successes for the company, while tensions with New York City's regulations remain high.
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Sting Operation
- Investigators posed as a couple trying to check into an Airbnb.
- They aimed to expose illegal hotel operations, funded by Sharebetter (anti-Airbnb alliance).
Citizen Outrage
- A New Yorker read a headline about Airbnb’s impact on rent prices, sparking outrage.
- He retweeted a video criticizing Airbnb with the hashtag #NewYorkIsNotForSale.
Schneiderman Resigns
- New York Attorney General Eric Schneiderman, a staunch Airbnb opponent, resigned.
- He faced accusations of physical abuse, offering Airbnb temporary relief.