Subletting startup Kiki paid over $152K to settle charges after violating NYC short-term rental laws [Yahoo! Finance]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Yahoo! Finance
Auckland-founded Kiki Club launched its peer-to-peer subletting startup in New York City in 2023 with the mission of helping renters sublet their apartments while traveling for extended periods. However, Kiki's model violated local short-term rental laws, leading to its shutdown this past June. The New York Mayor's Office of Special Enforcement (OSE) announced on Wednesday that Kiki has agreed to pay over $152,000 to settle charges. Backed by Blackbird, the Airbnb competitor aimed to simplify the subletting process and boldly promised a solution that would let users sublet their spaces for up to six months. The platform used a matching system similar to those of dating apps, connecting listers and renters based on their preferences. However, the startup found itself on the wrong side of NYC's short-term rental laws. Specifically, Local Law 18, which was enacted in 2022. This legislation imposes strict guidelines on short-term rentals, allowing them only if the host is registere
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- Airbnb, Inc. (ABNB): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
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- At 30, she quit her marketing job for a thrifting side hustle—now her business brings in 7 figures a year: ‘Anyone can do it' [CNBC]CNBC
- Airbnb (NASDAQ:ABNB) was given a new $107.00 price target on by analysts at Truist Financial Corporation.MarketBeat
- Does Airbnb's Recent Share Slide Offer Long Term Value in 2025? [Yahoo! Finance Canada]Yahoo! Finance Canada
ABNB
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- 11/6/25 - Miss
ABNB
Sec Filings
- 12/4/25 - Form 144
- 12/4/25 - Form 4
- 12/3/25 - Form 144
- ABNB's page on the SEC website