Technology

New York City is making Airbnb investors nervous pre-IPO

In this image, the Airbnb app is displayed on a smartphone.
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."

Esports network to launch New York, Los Angeles studios

A man playing video games
Photo: Getty Images/Gorodenkoff

Video Game Entertainment & News Network (Venn), a startup seeking to make 55 hours of esports content a week, plans to launch studios in New York and Los Angeles in mid-2020, the Los Angeles Times writes.

The big picture: The New York-based business has raised $17 million and is looking to become a gaming network, with distribution deals including Twitch, YouTube and Hulu TV. The esports category has expanded in popularity, particularly with young people, with platforms like Twitch allowing gamers to grow more connected by streaming their activities.