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Airbnb

A property owner and management company is suing Airbnb, claiming the home-sharing company "deliberately promotes and profits from deliberate breaches of our leases," according to a statement from Apartment Investment & Management Company. The Wall Street Journal first reported the news.

The company has filed lawsuits in California and Florida state courts seeking monetary damages and that the courts prohibit Airbnb from allowing AIMCO's tenants to use its service.

"This attack on the middle class by powerful interests is wholly without merit," an Airbnb spokesperson told Axios.

Between the lines: Although AIMCO's concerns over not being able to vet Airbnb guests and make sure they don't damage its properties or bother other tenants are valid, the financial interest is hard to miss. While Airbnb hosts and the company are making money from home-sharing, none of it makes it to the landlords. So to appease landlords and building owners, Airbnb unveiled last year a program that lets them get data about their tenants' home-sharing activity and a cut of the earnings in exchange for officially permitting tenants to use the service.

Go deeper

Biden administration makes first move on data privacy

Illustration: Sarah Grillo/Axios

The Biden administration is launching its first big effort on privacy policy by looking at how data privacy issues affect civil rights.

Why it matters: An administration perspective on privacy policy could be key in developing a long-awaited national privacy law by putting the White House stamp on how to regulate privacy.

Axios Investigates

Exclusive: Airbnb hosts Xinjiang rentals on land owned by sanctioned group

Data: Axios research, Airbnb, Australia Strategic Policy Institute's International Cyber Policy Centre; Map: Jacque Schrag/Axios

Airbnb has more than a dozen homes available for rent in China's Xinjiang region on land owned by an organization sanctioned by the U.S. government for complicity in genocide and forced labor, an Axios investigation has found.

Why it matters: The listings expose Airbnb to regulatory risk under U.S. law. They also land yet another American tech company in the crossfire between the U.S. and China.

For CEOs, social media has lost its fun

Photo illustration: Sarah Grillo/Axios. Photo: Joe Raedle/Getty Images

CEO Jack Dorsey's departure from Twitter shows that, in Silicon Valley today, social media is becoming a field to flee.

Why it matters: Coming on the heels of Facebook's name change and new metaverse focus, Dorsey's resignation is another sign that the industry now views the massive social networks it built over the last two decades as buggy "legacy applications" mired in annoying social problems.