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The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

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Current price of oil as of September 1, 2026

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The Pentagon is giving 3 million military and civilian workers access to ChatGPT and Grok through a secure AI platform built for ‘warfighter needs’
Airbnb

Airbnb Spends More Than $8 Million in San Francisco Fight

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November 2, 2015, 4:25 AM ET
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Moonrise over San FranciscoPhotograph by Getty Images/Flickr Select
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This article is published in partnership with Time.com. The original version can be found here.

By Rishi Iyengar @Iyengarish

Airbnb has mounted a massive campaign to defeat a San Francisco proposal that would severely impact its business model, hiring a former political strategist and spending more than $8 million in the process.

A measure called Proposition F, which would limit the short-term housing rentals that have made Airbnb one of the fastest-growing companies in the U.S., will go before voters on Tuesday, Reuters reports.

Although the firm’s presence in its home base of San Francisco is not as large as cities like New York or Paris, passage of the measure would be a symbolic defeat that could provide a catalyst for other cities to implement similar restrictions.

Airbnb’s efforts to stall Proposition F — which include $2 million spent on sending 400 volunteers to visit houses across the city — seem to be working, with a recent poll showing 55% of residents plan to vote against the measure.

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