PropTech
Airbnb running into some problems in the EU
Published on
NYC also hasn’t been best friends with the startup
Airbnb is not only facing regulatory pushback in NYC…. It’s also running into some problems in the EU.
The Problem: The executive arm of the EU, the European Commission, said that prices shown should reflect what the user actually pays (no hidden fees). Additionally, they are concerned that the home-sharing company’s terms and conditions prevents consumers from taking legal action against their hosts.
On a different note… Airbnb is gearing up to hold their IPO by 2020. Since the founders and early employees have already cashed in on at least $350 million worth of equity, there is no real incentive to expedite the process.
