The Airbnb logo on a tablet screen. Photo: Martin Bureau/AFP/Getty Images

Amid plans to go public in 2020, Airbnb is still sparring with New York City in its latest battle over illegally listed short-term rentals, Bloomberg reports.

Why it matters: Investors want the company "to sort things out with New York" before filing for its IPO, according to Bloomberg — but "Airbnb has been at odds with New York for almost its entire existence."

By the numbers: Airbnb, which operates in more than 500 cities around the world, says that New York currently represents 1% of the company's revenue. The city generates roughly $70 million of Airbnb's $5 billion in annual global revenue, a person familiar with the situation told Bloomberg.

What to watch: New York lawyers and Airbnb will meet on Sept. 27 to discuss the company's latest lawsuit against the city, which could end with the San Francisco tech company being forced to hand over hosts' names and addresses each month.

  • That would allow New York to fine those breaking the law, and potentially let Airbnb "legitimize its market in New York and soothe investors worried about greater upheaval," per Bloomberg.

What they're saying: “New York is a marathon and not a sprint. We will ultimately get across the finish line," Airbnb’s global head of policy, Chris Lehane, told Bloomberg.

  • “This issue festered and festered and has gotten to a point now that Airbnb has lost all political leverage,” venture capitalist and former political strategist Bradley Tusk told Bloomberg. “Can you ring the bell in a city where you’re not legal? It would be pretty damn awkward.”

Go deeper: Airbnb highlights S.F. growth after implementing host registration

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Facebook boycott organizers share details on their Zuckerberg meeting

Facebook is in the midst of the largest ad boycott in its history, with nearly 1,000 brands having stopped paid advertising in July because they feel Facebook hasn't done enough to remove hate speech from its namesake app and Instagram.

Axios Re:Cap spoke with the boycott's four main organizers, who met on Tuesday with CEO Mark Zuckerberg and other top Facebook executives, to learn why they organized the boycott, what they took from the meeting, and what comes next.

Boycott organizers slam Facebook following tense virtual meeting

Illustration: Sarah Grillo/Axios

Civil rights leaders blasted Facebook's top executives shortly after speaking with them on Tuesday, saying that the tech giant's leaders "failed to meet the moment" and were "more interested in having a dialogue than producing outcomes."

Why it matters: The likely fallout from the meeting is that the growing boycott of Facebook's advertising platform, which has reached nearly 1000 companies in less than a month, will extend longer than previously anticipated, deepening Facebook's public relations nightmare.

Steve Scalise PAC invites donors to fundraiser at Disney World

Photo: Kevin Lamarque-Pool/Getty Images

House Minority Whip Steve Scalise’s PAC is inviting lobbyists to attend a four-day “Summer Meeting” at Disney World's Polynesian Village in Florida, all but daring donors to swallow their concern about coronavirus and contribute $10,000 to his leadership PAC.

Why it matters: Scalise appears to be the first House lawmakers to host an in-person destination fundraiser since the severity of pandemic became clear. The invite for the “Summer Meeting” for the Scalise Leadership Fund, obtained by Axios, makes no mention of COVID-19.