Airbnb has been fined AUD 15 million by the Australian Competition and Consumer Commission for misleading consumers about its pricing practices in Australia. The company made false or misleading claims to about 70,000 customers between 2018 and 2021, displaying prices in US dollars without clarifying that they were not in Australian dollars. Airbnb admitted to breaching Australian consumer law and will pay up to $15m in compensation to affected customers. The total value of the pricing difference was $16.8m, with Airbnb receiving approximately A$9m in revenue.
Share via:
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Airbnb is being fined $10.1 million, here’s why
Airbnb has been fined AUD 15 million by the Australian Competition and Consumer Commission for misleading consumers about its pricing practices in Australia. The company made false or misleading claims to about 70,000 customers between 2018 and 2021, displaying prices in US dollars without clarifying that they were not in Australian dollars. Airbnb admitted to breaching Australian consumer law and will pay up to $15m in compensation to affected customers. The total value of the pricing difference was $16.8m, with Airbnb receiving approximately A$9m in revenue.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi