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Airbnb Settles Landlord Lawsuit, Faces New L.A. Law

It was a busy day for Airbnb’s policy team—with mixed results. Los Angeles, one of Airbnb’s largest markets, passed new rules regulating how frequently people can rent their homes out to tourists. As other American cities have done, LA barred people from renting out second homes for less-than-30-day stays.  People renting out their primary homes can rent to tourists for up to one-third of the...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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