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NYC Council Proposes $50,000 Fines for Home Sharing

The global home-sharing company Airbnb faces a fight to keep its foothold in New York City, mirroring the battles the company is fighting in many cities.  It is opposing city legislation that would impose increased fines on owners of short-term rentals. Airbnb asked its customers to sign a petition opposing the legislation, likening the propsal to "the Freddy Krueger of bills," harkening back to the 1980s U.S. horror film series “A Nightmare on Elm Street” where Krueger...

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