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Airbnb running into some problems in the EU

NYC also hasn’t been best friends with the startup

Airbnb’s CEO Brian Chesky (Credit: Michael Lewis / Fortune Magazine)

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.

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