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.