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Airbnb And San Francisco Are Finally On Speaking Terms Again

It looks like Airbnb is done duking it out with the city that gave it life.

Airbnb filed a lawsuit against the city of San Francisco last year. The city imposed a rule that requires all Airbnb hosts to register as short-term renters.

If they don't, San Francisco would fine the company up to $1,000 a day for every unregistered listing.

Airbnb argued the legislation violated freedom of speech by regulating user content. The city disputed that and said the rule aims to regulate business activity.

San Francisco is facing a housing-shortage crisis. City officials are trying to prevent hosts on short-term renting sites from illegally turning properties into "de facto hotels."

SEE MORE: A Trump Tower Apartment Was Up For Grabs On Airbnb

As of May 1, around 2,100 hosts are registered in the city, but there are over 8,000 Airbnb listings.

Under the settlement, all Airbnb hosts will need to file with the city. The company will also turn in monthly reports on all San Francisco listings for the city to cross-check.

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