
Motley Fool Money
Airbnb Leaves NYC, Joins S&P 500
Sep 6, 2023
Jason Moser, an investment analyst at The Motley Fool, unpacks the implications of New York City's crackdown on short-term rentals and what it means for Airbnb's growth. He also addresses AMC's troubling share issuance and how Lowe's effectively manages its capital. Joining him, Oliver Franklin-Wallis, contributing editor for Wired and author of 'Wasteland,' sheds light on the critical issues surrounding waste management, highlighting the environmental challenges and the innovations in e-waste recycling that could reshape our future.
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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.
Deep dives
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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