Airbnb said it plans to go public in 2020, a long-awaited move by the company that is both loved and reviled for disrupting the hotel business.
Amid California’s housing crisis, Airbnb pledges $25 million to support affordable housing and small business in the San Francisco Bay Area, L.A. County.
Bradley Tusk, a venture capitalist who works with start-ups that have regulatory challenges, said Airbnb needs to work out an agreement with New York, where it has been fighting regulations for years. New York state law bans apartment rentals for less than 30 days unless a tenant is living in the apartment at the same time. Airbnb turned over some data on illegal hosts in New York City this summer.
In May, it bought Hotel Tonight to help guests find last-minute hotel deals. And last month it bought Urbandoor, which offers serviced apartments for business travelers.
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