After a shooting at an Airbnb rental left five dead on Halloween, the company says it's banning "party houses" from the platform.
CEO Brian Chesky wrote on Twitter Saturday the company's steps following the shooting in Orinda, California, which include expanded screening of "high-risk reservations" and the creation of a "party house" response team.
The woman who rented the listing allegedly falsified the reason for the rental, but a party was advertised on social media, according to the Contra Costa County Sheriff's Office.
Now, Airbnb is trying to prevent parties and incidents like this from happening at its listings.
"The company has six million listings. For them to wake up just today and realize 'ok maybe we should be a little stricter about it because we're getting some bad PR' might be too little, too late," Dror Poleg, author of "Rethinking Real Estate" told Cheddar in an interview Monday.
As Airbnb faces more regulation and plans to go public, the company "will have a big challenge balancing between their need to continue to grow and the need to become more sustainable in their operating," he said.
But Poleg is not optimistic the company can accomplish that.
Dylan Douglas, host of 'Young American with Dylan Douglas,' joins Cheddar to reveal how Gen Z is feeling about the election and what issues matter most to them.
Priceline CEO, Brett Keller, joins Cheddar to discuss the latest travel trends and how Hurricanes Helene & Milton have affected those flying south. Watch!
Hyperice CEO, Jim Heuther, joins Cheddar to discuss the company's latest product collaboration with Nike. Find out how it is helping your favorite athletes.
Founder, Chairman and Principal Analyst of Constellation Research Inc., Ray Wang, reveals how Tesla's Robotaxi is going to disrupt the transportation industry.
Have Taylor Swift fans dubbed Flava Flav as King of the Swifties? Plus, his new partnership with Old Spice and if he will ever go back to the Olympics. Watch!
Education Reporter for The Wall Street Journal, Doug Belkin, discusses his latest piece and delves into why incoming freshmen are preferring southern schools.