Airbnb spends millions on Los Angeles mayoral race as it wants easier rental rules; company aims to deliver on the Olympics growth 'promise' it told investors to expect

Airbnb has invested millions in Los Angeles politics to gain support for more relaxed short-term rental regulations. The company is backing Mayor Karen Bass and other candidates leading up to the 2028 Olympics. Airbnb has spent approximately $12.6 million on political campaigns, lobbying, and charitable contributions, hoping to enhance its presence in the city. Opposition has arisen from tenant advocates and other groups concerned about housing availability.