Spain, Airbnb
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The national government is requiring the short-term rental operator to remove thousands of illegal listings from its site as part of an effort to stem a growing housing crisis.
Airbnb stock fell 3.03% to $132.46 as Spain ordered the removal of 65,000 rental listings for regulatory violations.
Spain’s government has ordered Airbnb to block more than 65,000 holiday listings on its platform. Airbnb launched in 2007 and there are now over 5m hosts worldwide with a property people can choose to stay in.