Fox Business Flash top headlines for August 12
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For the first time, Airbnb is taking legal action against a guest for violating its ban on unauthorized parties.
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The San Francisco-based home sharing company said Wednesday it is initiating legal proceedings against a guest who held an unauthorized party at a home in Sacramento County, California, last weekend. Three people were shot and wounded at the party.
Airbnb wouldn’t release the guest’s name but said it has removed the guest from its platform.
AIRBNB BLOCKS HOME BOOKINGS FOR SOME GUESTS UNDER 25 TO CRACK DOWN ON UNAUTHORIZED PARTIES
The company has been trying to clean up its image — promising to verify all of its listings, for example, and taking a harder line on parties — as it prepares for an initial public offering of its stock. The IPO, which was delayed by the coronavirus pandemic, could still take place later this year.