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Spain fines Airbnb 64 mn euros for posting banned properties
Spain fines Airbnb 64 mn euros for posting banned properties
Business and Economy
by  AFP

Spain's leftist government said Monday it had fined Airbnb more than 64 million euros ($75 million), notably for posting listings for banned rental properties, at a time the country faces a housing crisis. The fine is equivalent to six times the illegal profit made by Airbnb between the time the company was warned about the offending adverts and before they were taken down, the ministry added.