This article is taken directly from the source cited

By Stephen Grocer

Published Sept. 21, 2018

 

 

Airbnb wants its hosts to be shareholders. The start-up sent a letter to the Securities and Exchange Commission asking it to revise its rules on whom private companies can award equity to, Axios reported.

Under federal security law, private firms can grant stock to employees but not to contractors. Airbnb wants the S.E.C. to add an exemption for participants in the so-called sharing economy.

“Airbnb believes that 21st-century companies are most successful when the interests of all stakeholders are aligned,” the company said in its letter. “For sharing economy companies like Airbnb, this includes our employees and investors, but also the hosts who use our marketplace.” Continue reading...

 

Source: The New York Times