Is Airbnb hurting New York City?

April 21, 2015

Critics of Airbnb say the company is changing the fabric of the city and posing a safety risk for residents

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Is Airbnb hurting New York City?

Airbnb, the apartment-sharing website, was estimated to have a capitalization of $10 billion in April 2014, more than the Hyatt hotel chain. But it didn't get that big without making some enemies. Lori Jane Gliha investigates the controversy over the site in New York City, where some residents say it threatens their way of living, while others call it a lifeline.


 

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