After a shooting at an Airbnb rental left five dead on Halloween, the company says it's banning "party houses" from the platform.

CEO Brian Chesky wrote on Twitter Saturday the company's steps following the shooting in Orinda, California, which include expanded screening of "high-risk reservations" and the creation of a "party house" response team.

The woman who rented the listing allegedly falsified the reason for the rental, but a party was advertised on social media, according to the Contra Costa County Sheriff's Office.

Now, Airbnb is trying to prevent parties and incidents like this from happening at its listings.

"The company has six million listings. For them to wake up just today and realize 'ok maybe we should be a little stricter about it because we're getting some bad PR' might be too little, too late," Dror Poleg, author of "Rethinking Real Estate" told Cheddar in an interview Monday.

As Airbnb faces more regulation and plans to go public, the company "will have a big challenge balancing between their need to continue to grow and the need to become more sustainable in their operating," he said.

But Poleg is not optimistic the company can accomplish that.

Share:
More In Business
The Next Major Milestone For Bitcoin
Matt Hougan, CIO of Bitwise Asset Management, gives Cheddar the latest on the Securities and Exchange Commission approval of bitcoin ETFs. Hougan calls this time a 'potential major milestone for bitcoin.'
LeBron James Inks Sports Trading Card Deal With Fanatics
LeBron James has agreed to an exclusive deal with Fanatics Collectibles. James and his son, Bronny, will appear together on a unique sports trading card to herald the Los Angeles Lakers superstar’s new multiyear partnership with Fanatics.
How A.I. is Impacting the Stock Market
Joe Zhao, Managing Partner at Millennia Capital, joined Cheddar to discuss the latest stock moves and how the market is being impacted by artificial intelligence.
Load More