Behind Airbnb’s fight for legitimacy in NYC

From the March issue: If there was ever a clear sign that things had gotten ugly for Airbnb in New York, it might have been last October, during a City Council hearing on a proposal to raise fines against illegal hotel operators. What began as a quarrel over the vagaries of the law devolved into a nasty political exchange over Airbnb’s role in the local economy and what it means to share New York City’s most prized commodity — real estate. [more]