Tiobe Barron, Ojai Valley News correspondent
After a ruling last February, Airbnb was forced to pay upwards of $10 million in back taxes to the city of San Francisco. It then undertook an $8 million campaign to defeat Proposition F, an initiative that would have allowed city officials to regulate the short-term rental industry there.
Meanwhile, Airbnb co-founder Brian Chesky was just named No. 7 on Forbes’ America’s Richest Entrepreneurs Under 40 list. Chesky’s current net worth is reportedly $3.3 billion.