Airbnb Leaves NYC, Joins S&P 500

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 6 September 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

New York City cracked down on short-term rentals, but is it a big deal for Airbnb? (00:21) Ricky Mulvey and Jason Moser discuss: - How restrictions on short-term rentals could impact Airbnb’s growth story. - Why investors are sour about AMC’s new share issuance. - One company managing its share count well. Plus, (15:20) Deidre Woollard interviews Oliver Franklin-Wallis, author of “Wasteland: The Dirty Truth About What We Throw Away, Where It Goes, And Why It Matters”. Companies discussed: ABNB, EXPE, AMC, LOW Hosts: Ricky Mulvey, Deidre Woollard Guests: Jason Moser, Oliver Franklin-Wallis Engineers: Dan Boyd, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The city that never sleeps now has fewer places to go to bed.
0:08.8	You're listening to Motley Full Money.
0:12.8	I'm Ricky Mulvey.
0:21.8	Joining us now is Jason Moser.
0:23.3	Jason.
0:24.3	Good to see you.
0:25.3	Hey, Ricky.
0:26.3	How's it going?
0:27.3	Airbnb has lost a city, not as New York City.
0:31.0	I'm going to run through some of the rules that Airbnb has to follow, something they
0:35.3	are calling a de facto ban in what is called local law 18.
0:39.8	All right, Jason.
0:40.8	Here are the new rules.
0:42.8	Hosts can only run a place where they live.
0:45.4	Hosts must be present during the stay.
0:47.9	Hosts and visitors must leave the doors inside the dwelling unlocked so occupants can
0:52.7	access the entire unit.
0:54.7	There's an exception if you are using the room privately and Airbnb units are limited
1:01.5	to two guests and you've got to register them.
1:04.0	All right.
1:05.0	Is this a good headliner?
1:06.0	Do you think this is a long-term problem for Airbnb?
	...

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