Airbnb Announces Intention to Become a Publicly-Traded Company During 2020
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Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020
#2[deleted]
Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020
#3Tangential to the topic, but does AirBnB operate under any regulations? When I was in Seattle, my apartment building ended up adding an explicit clause in the lease saying you couldn’t rent a property and turn it around into an AirBnB or any kind of room share for temporary or short term stays.
The legal framework wasn’t there (this is 2016 I’m describing), and so I wonder why go public now. Get a more solid footing and then lobby for regulation to drown out other start ups?
Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020
#4Tangential to the topic, but does AirBnB operate under any regulations? When I was in Seattle, my apartment building ended up adding an explicit clause in the lease saying you couldn’t rent a property and turn it around into an AirBnB or any kind of room share for temporary or short term stays. The legal framework wasn’t there (this is 2016 I’m describing), and so I wonder why go public now. Get a more solid footing…
Perhaps people are keen to cash in before regulation catches up with them more widely?
Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020
#5I announce my intention that I will announce my intention in 2020.
Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020
#6Tangential to the topic, but does AirBnB operate under any regulations? When I was in Seattle, my apartment building ended up adding an explicit clause in the lease saying you couldn’t rent a property and turn it around into an AirBnB or any kind of room share for temporary or short term stays. The legal framework wasn’t there (this is 2016 I’m describing), and so I wonder why go public now. Get a more solid footing…
[deleted]
Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020
#7Tangential to the topic, but does AirBnB operate under any regulations? When I was in Seattle, my apartment building ended up adding an explicit clause in the lease saying you couldn’t rent a property and turn it around into an AirBnB or any kind of room share for temporary or short term stays. The legal framework wasn’t there (this is 2016 I’m describing), and so I wonder why go public now. Get a more solid footing…
A lot of cities explicitly ban short term AirBnBs of less than 30 days, unless you as the owner are staying there as well.
HOAs can be more strict on top of whatever existing city regulations exist.
Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020
#8Tangential to the topic, but does AirBnB operate under any regulations? When I was in Seattle, my apartment building ended up adding an explicit clause in the lease saying you couldn’t rent a property and turn it around into an AirBnB or any kind of room share for temporary or short term stays. The legal framework wasn’t there (this is 2016 I’m describing), and so I wonder why go public now. Get a more solid footing…
AirBnBs are generally subject to hoteling regulations in every market that has them.
AirBnB, as the booking agent for the hosts, doesn't get to ignore the regulations just because the host is liable for any violations. Because they're acting as an agent for the hosts, they're also bound by those regulations.
(AirBnB has claimed they are just a "platform" for connecting hosts and guests. But they handle too much of the transaction for both sides to just be a "platform"--they also handle payment, refunds, customer service, etc. Also, there's generally no such thing as a "platform" exception with respect to hoteling laws.)
Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020
#9Tangential to the topic, but does AirBnB operate under any regulations? When I was in Seattle, my apartment building ended up adding an explicit clause in the lease saying you couldn’t rent a property and turn it around into an AirBnB or any kind of room share for temporary or short term stays. The legal framework wasn’t there (this is 2016 I’m describing), and so I wonder why go public now. Get a more solid footing…
Perhaps people are keen to cash in before regulation catches up with them more widely?
I live in Vancouver (BC) and over here Airbnb worked with city to create and enforce regulation for short term rentals (ie, requiring a license to operate and then actually policing and enforcing the regulations). I think its working out well an expect to see this model being applied in other cities as well.
Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020
#10I announce my intention that I will announce my intention in 2020.
On the surface, I agree this is a strange PR tactic that hasn't been followed by any private company I can think of recently .
I think it's entirely possible that they are doing this because they expect to have to deal with whatever legal/regulatory issues they face around the world that have been in a grey area since they started and this is basically an invitation to regulators to do something now so that regulatory risks won't be perceived to be this massive red flag to investors as they shop the IPO around.
I'd for sure argue that regulation is Airbnb's greatest existential threat, especially at a time when we're all acutely aware of how expensive housing has become in urban centers where Airbnb makes most of their money.