the _______ economy
9

Who Will Save the Airbnb Faithful?

In October, New York State Attorney General Eric Schneiderman issued a subpoena to Airbnb, ordering it to turn data about its 15,000 registered hosts in New York over to the state. While neither Airbnb nor its hosts pay the 15 percent lodging tax that most New York City hotels are subject to—no small part of the reason why startups like Airbnb have been able to "disrupt" the established hospitality industry—the attorney general's primary concern was not the stream of potential tax revenue trickling past the state's coffers. (Airbnb kindly offered to induce its users to pay the tax, which would amount to some $21 million.)

Rather, [...]