May 2, 2017

Airbnb settlement helps clear IPO path

Dan Primack, author of Pro Rata

EFFIE YANG via Flickr CC

Airbnb yesterday announced a settlement agreement with San Francisco over the thorny issue of short-term rental laws.

Table-setter: This is a big brick in the home-sharing unicorn's path to IPO, as sources have said that the offering will not come before there is more regulatory certainty in a small handful of key markets. San Francisco was one of these, more because of its status as home base than because of its percentage of revenue. Next up is New York City, since that's where the company would list and where many of its (potential) public market investors live.

But: Airbnb chief biz/legal officer Belinda Johnson was asked yesterday at the Milken Global Conference for a single salient point made by New York regulators. She couldn't come up with one.

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Updated 26 mins ago - Politics & Policy

Updates: George Floyd protests continue for 8th day

Police officers wearing riot gear push back demonstrators outside of the White House on Monday. Photo: Jose Luis Magana/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued Tuesday across the U.S. for the eighth consecutive day, prompting a federal response from the National Guard, Immigration and Customs Enforcement and Customs and Border Protection.

The latest: The National Park Service said in a statement Tuesday that while it "is committed to the peaceful expression of First Amendment rights," it "cannot tolerate violence to citizens or officers or damage to our nation’s resources that we are entrusted to protect."

American carnage

Protesters race up a hill to avoid tear gas in Philadelphia, June 1. Photo: Mark Makela/Getty Images

The list of victims has swiftly grown since George Floyd died in police custody just eight days ago.

The big picture: Protests against police brutality have turned into a showcase of police brutality, with tear gas and rubber bullets deployed against crowds. The police have the arsenals at their disposal, but we're also seeing law enforcement officers becoming targets.

McConnell blocks resolution condemning Trump's actions against peaceful protesters

Senate Majority Leader Mitch McConnell (R-Ky.) blocked a resolution introduced by Minority Leader Chuck Schumer (D-N.Y.) on Tuesday that would have condemned the use of tear gas and rubber bullets against peaceful protesters outside the White House on Monday in order to allow President Trump to walk to St. John's Church.

What they're saying: "Justice for black Americans in the face of unjust violence, and peace for our country in the face of looting, riots, and domestic terror. Those are the two issues Americans want addressed," McConnell said on the Senate floor.