Companies Built on Sharing Balk When It Comes to Regulators

Airbnb logo (Photo credit: Wikipedia)
Airbnb logo (Photo credit: Wikipedia)
Regulators as well as some elected officials across the country are increasingly questioning the presumptions and tactics of these start-ups

In the newfangled sharing economy, questions about safety, taxes and regulation have tended to be an afterthought. That has helped propel companies like Uber, Airbnb and Lyft into the stratosphere.

But regulators as well as some elected officials across the country are increasingly questioning the presumptions and tactics of these start-ups, especially the notion that laws do not apply to them.

The companies are fighting back by rallying their impassioned and growing customer base. And they are stocking up on lawyers and lobbyists.

The latest confrontation comes Tuesday as Airbnb, the largest housing rental company, goes to court in Albany. It is fighting an effort by New York regulators to collect the names of Airbnb hosts who are breaking the law by renting out multiple properties for short periods.

Airbnb, which is now estimated to be worth $10 billion, is framing the dispute as a case of government scooping up more data than it needs for purposes that are vague.

“He claims to be targeting a small number of bad actors,” said David Hantman, Airbnb’s head of global public policy, referring to the New York attorney general, Eric T. Schneiderman. “But he is asking for data on thousands of regular New Yorkers.”

In a blog post, Airbnb said the regulators’ plan was to accuse Airbnb hosts in court “of being bad neighbors and bad citizens.” It added: “They’ll call us slumlords and tax cheats. They might even say we all faked the moon landing.”

It is against the law in New York City to rent out an apartment for less than a month, a 2010 measure meant to curb unregulated hotels. Mr. Schneiderman says 60 percent of Airbnb rentals in New York are illegal.

Existing laws, Airbnb executives say, do not fit the sharing economy.

Read more . . .

See Also

The Latest on: Sharing economy

[google_news title=”” keyword=”Sharing economy” num_posts=”10″ blurb_length=”0″ show_thumb=”left”]

via Google News

 

The Latest on: Sharing economy
  • How sharing economy M&A performed in the technology industry in Q1 2024
    on May 7, 2024 at 6:37 pm

    Analysis of the key themes driving M&A activity reveals that sharing economy accounted for 2 technology deals announced in Q1 2024, worth a total value of $160m. The $160m acquisition of Gett by Pango ...

  • New book from BC sociologist looks at the 'gig' economy
    on May 2, 2024 at 5:00 pm

    So was born the sharing economy—popularly referred to as the “gig” economy. But this contemporary idea of work that would provide inexpensive, valued services for consumers and good wages, flexibility ...

  • Revolutionizing the Operator Economy with DePIN
    on April 28, 2024 at 12:08 pm

    This transformation could mark a victory for individuals who have previously experienced the drawbacks of traditional operator economy platforms, such as overpriced services and lack of benefits. Such ...

  • DePIN for the Win: Spreading the Benefits of the Gig Economy
    on April 26, 2024 at 11:38 am

    Community protocol networks that coordinate hardware-based services with tokens promise an upgrade in efficiency and fairness, says Ivo Entchev, a partner at Youbi Capital.

  • An inclusive sharing economy
    on April 13, 2024 at 5:00 pm

    The sharing economy is here to stay despite some hiccups and unhappy conventional businesses and regulators. It’s important that all stakeholders engage and try to work out solutions in which ...

  • Reengineering the Sharing Economy
    on April 12, 2024 at 7:31 pm

    The current sharing economy suffers from system-wide deficiencies even as it produces distinctive benefits and advantages for some participants. The first generation of sharing markets has left us to ...

  • What the Sharing Economy Tells Us about Trust
    on February 12, 2024 at 4:21 pm

    Risk skyrockets when it involves your personal belongings, like your home, car, or couch. Yet, in today’s sharing economy, it’s commonplace for people to take risks regarding the most vulnerable ...

  • Owners of luxury watches fear scam in ‘sharing economy’ service
    on February 12, 2024 at 9:29 am

    A company that ran an “sharing economy” service for luxury watches has disappeared and severed communications without returning hundreds of the valuable timepieces to their owners. The ...

  • Artículos sobre Sharing economy
    on August 1, 2023 at 5:00 pm

    Far from a touchy-feely community, research shows online platforms such as Airbnb tend to strengthen users’ narcissism and class biases.

  • Sharing economy
    on June 7, 2022 at 1:00 am

    borrowed or rented, often through online transactions, in an effort to save money, reduce costs and cut waste. Prime business examples of the sharing economy include Airbnb, Zipcar and the Uber Pool ...

via  Bing News

 

What's Your Reaction?
Don't Like it!
0
I Like it!
0
Scroll To Top