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August 16, 2018

NYC regulations could hurt Airbnb

NEW YORK (AP) — Airbnb faces tightening regulations in New York City that could take a big bite out of its profits.

On Wednesday, the short-term rental company offered a counter-measure designed to appease hostile politicians: a $10 million contribution to charities helping people with rising rents, homelessness, health care and education.


 
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