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-0.000536686345165937 0.00228475044084951 0.00153338955761703 0.00329678754887684 0.00157172429655764 0.0027217664647703 0.00387180863298317 0.00651690561987268
Stock impact report

Why is Spain targeting Airbnb with a $75 million fine? [Los Angeles Times (CA)]

Airbnb, Inc. - Class A (ABNB) 
The move is the latest government action in Spain against short-term rental companies such as Airbnb and Booking.com as the country grapples with a housing affordability problem, particularly in city centers. The consumer rights ministry said the rentals didn't include license numbers — a requirement in many regions in Spain — or listed license numbers that didn't match what authorities had. Other had incorrect information about hosts, it said. Airbnb said that it plans to challenge the fine in court. The company said it was working with Spanish authorities to comply with a new national registration system for short-term rentals, and that more than 70,000 listings on the platform had added a registration number since January. Spain's leftist government and many Spaniards across the political spectrum see short-term rental companies as bearing responsibility for driving up housing costs. The nation on the Iberian Peninsula is one of the world's most visited countries and sho Show less Read more
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