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Oliver Franklin-Wallis, author of “Wasteland: The Dirty Truth About What We Throw Away, Where It Goes, And Why It Matters”, discusses the global journey of waste and the urgent need to address the environmental impact of waste. The podcast also explores the potential impact of NYC's new restrictions on Airbnb's growth, analyzes AMC's declining stock price due to new share issuance, and highlights Lowe's success in managing its share count.
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Quick takeaways
- New York City's stricter rules may impact Airbnb's growth assumptions, raising concerns for the future of the business.
- Despite regulations, Airbnb's revenue continues to grow with increased active bookers, longer guest stays, and expanded travel distances.
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New York City Implements Stricter Rules for Airbnb
New rules in New York City require Airbnb hosts to live in the place they rent out, be present during the guest's stay, and leave all doors unlocked. The city is calling it a de facto ban, but some experts argue it is not a significant problem for Airbnb on its own. However, it does raise concerns about the future growth assumptions for the business, especially as other cities and municipalities may follow suit.
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