Crunch time: As regulatory threats loom, Airbnb announced it would create an online registration system for property owners and automate the enforcement of Airbnb's existing rules in New York and San Francisco, which limit operators to a single listing of an entire residence.
SAN FRANCISCO/BERLIN: Airbnb, the online lodging service that investors now believe is worth US$30bil (RM125.53bil), faces a reckoning.
In eight years of torrid growth, the company has often clashed with local public officials seeking to minimise the impact of short-term rentals on neighbourhoods and urban housing markets. Now, those simmering tensions are starting to boil.
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