Airbnb dealt setback in Jersey City

2019年11月06日,22时30分12秒 美股速递 阅读 12 views 次

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Airbnb dealt setback in Jersey City

|About: Airbnb, Inc. (AIRB)|By:, SA News Editor

There's more gloom in the IPO market as Jersey City residents voted overwhelmingly in favor of stricter regulations on short-term rentals amid concerns over rising rents.

The restrictions are a rebuke of Airbnb (AIRB), which spent at least $4.2M on an effort to sway voters, as it prepares to go public.

Officials at Airbnb fear the new proposed regulations would mean an outright ban on listings in New Jersey and that it could mean an end to the company altogether.

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