Latest Tech News

Stay updated with the latest in technology, AI, cybersecurity, and more

Filtered by: gouging Clear Filter

Illegal Price-Gouging Runs Rampant After Disasters. The LA Fires Proved It

Last January, a series of massive wildfires broke out across the Los Angeles area, fueled by high winds and dry temperatures. The fires raged for weeks, incinerating entire neighborhoods in the wealthy Pacific Palisades and in middle-class Altadena. They killed at least 30 people and destroyed at least 10,000 homes. As the embers cooled, thousands of displaced Angelenos scrambled to find new housing in a rental market that was already among the nation’s toughest. They scoured Zillow and Airbnb

Airbnb allowed rampant price gouging following L.A. fires, city attorney alleges

L.A. City Atty. Hydee Feldstein Soto’s office accused Airbnb of allowing illegal price hikes following the January firestorm. The platform denies the allegations. The Los Angeles city attorney’s office has filed a lawsuit against Airbnb, accusing the home-sharing platform of allowing price gouging and unverified hosts and addresses at more than 2,000 rentals following the January firestorm in Altadena and Pacific Palisades. In a statement, L.A. City Atty. Hydee Feldstein Soto’s office accused