Airbnb, San Francisco settle lawsuit over short-term rental law
Firm will require that every host in the city on its platform be registered
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San Francisco
AIRBNB Inc and the city of San Francisco have settled a year-long lawsuit over a local ordinance forbidding the home-rental company from taking bookings from hosts who have not properly registered their homes.
The settlement, which Airbnb announced during a call with reporters on Monday, marks the latest effort by the company to compromise with cities and improve its relationship with regulators globally as it eyes an initial public offering. Airbnb is an online marketplace for short-term lodging, with "hosts" who rent out their homes in 65,000 cities.
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