• Airbnb Petitions SEC to Allow Hosts to Get Equity

    27 days ago - By Fortune

    Travel company Airbnb has asked the Securities and Exchange Commission to allow it to start issuing equity in its company to hosts, according to a new report.
    In a letter to the SEC obtained by Axios , Airbnb cited Rule 701 of the Securities Act, which would need to be changed to include a new category of people who would be allowed to own shares in a company called a “gig economy worker.” The current provision only allows private companies like Airbnb to give shares to investors or employees.
    However, a company like Airbnb is heavily reliant upon hosts, or people that open their homes to...
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