Wednesday, May 16, 2018

Air War!


There's currently an "air" war between NYC Comptroller Scott Stringer and Airbnb. Stringer recently issued a report claiming that Airbnb and other home sharing apps are increasing the cost of living in the city.

Airbnb strenuously disagrees and has been airing ads attacking the comptroller's report. The hotel trade unions are responding by supporting the report and attacking Airbnb.

It's a classic old vs. new economy, disruptive vs. established business battle, and it's not going to end any time soon. Be prepared to see a lot more fights like this one. 

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