By John McCarthy

A largely slated campaign from Airbnb in its native San Francisco has ultimately proved successful, helping to defeat a motion which could have restricted the number of days landlords offered short-term housing rentals.

Proposition F, otherwise known as the ‘Airbnb Initiative’, was a ballot designed to give locals the chance to decide whether or not short-term room rentals, like those generated by the app, were partly responsible for driving up property prices – and shortages – in the city.

With 55 per cent of votes going against passing the bill, the $8m Airbnb reportedly spent on a campaign culminating in Read full story ›

Source: The Drum