New York Gov. Andrew Cuomo on Friday signed into law one of the nation’s toughest measures targeting short-term apartment rentals, a blow to fast-growing startup Airbnb Inc. in a crucial market. Airbnb responded to the law, which takes effect immediately, by filing a lawsuit against the state. Airbnb has argued it can’t be held responsible for the content that hosts place on its website. “We will continue to fight for a smart policy...

Source: Wall Street Journal October 21, 2016 19:56 UTC