The Presidential Daily Brief

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    Paris Sues Airbnb Over 1,000 Illegal Listings

    The home rental company could face as much as $14.2 million in fines in its most lucrative market after Mayor Anne Hidalgo announced the suit in an interview yesterday. Airbnb hit back at the French law, which limits homeowners from renting their properties for more than 120 days per year, arguing that it potentially breaches EU standards.

    Is Paris just picky? New York City has also joined the growing chorus of allegations that Airbnb is running illegal hotel operations, suing the company for $21 million last month.

    Check out OZY’s profile of the Airbnb that’s gone to the dogs.

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