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No more AirBNB parties. Ever

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AirBNB has announced an end to house parties forever, in a move that will impact operations around the world

Airbnb announced a global ban on parties following a temporary restriction it put on parties two years ago at the start of the pandemic.

The company is permanently banning “disruptive parties and events,” which include open-invite gatherings.

“Party houses,” will stay banned as well. That will put an end to people booking a house for a big party for just one night.

Airbnb has struggled with party houses, given the noise caused often leads to a visit by the police.

Airbnb placed a ban on party houses in 2019 after five people were killed in a shooting at one of its bookings.

That was followed by a global ban on party houses just as the pandemic hit.

Airbnb says it has seen a 44% year-over-year drop in the rate of party reports since introducing the ban.

“The temporary ban has proved effective, and today we are officially codifying the ban as our policy,” the company says.

The party continues

But how successful will the ban be?

Guests can sometimes check in to remote properties themselves while the owner is away and can invite as many people over as they want.

Airbnb says guests who attempt to violate its rules will face consequences varying from account suspension to full removal from the platform.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Business

This investor sold its equity stake in Twitter during Musk takeover saga

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A Securities and Exchange filing has showed active investor Elliott Management has sold its equity stake, as well as cutting its exposure, to Twitter

The company previously held 10 million stocks in the social media giant, and was one of its major shareholders.

Twitter’s stock price dramatically rose in April, on the back of Elon Musk wanting to buy the company for approximately $44billion.

The after-effects of the takeover saga are still ongoing, with the billionaire and Twitter embroiled in a legal battle.

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Why a Bitcoin mining company is going against a major merger

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Bitcoin mining company PrimeBlock has ended plans to go public via a specialpurpose acquisition company (SPAC) merger with 10X Capital.

The firms terminated the agreement via mutual consent, according to a US Securities and Exchange Commission filing.

Plans for the merger were confirmed in April, with expectations that it would be completed in the second half of 2022, carrying an enterprise value of $1.25billion.

No official reason has been given for the decision, but it is believed the volatility of both the crypto and mainstream markets in recent months may be a factor.

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Tech

This will help million of Americans

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Adults with a hearing impairment will be able to purchase hearing aids directly from stores, pharmacies and online retailers, without the need of a prescription or doctor’s appointment

The U.S. Food and Drug Administration has approved this change, and it will come into effect in two months’ time, following years of campaigning.

The Biden Administration says this will make the devices more accessible and affordable for millions of American citizens.

The new rule only applies to certain air-conduction hearing aids and for people over the age of 18.

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