Dec. 15 (UPI) -- Spain imposed a fine on Airbnb for tens of millions for allegedly listing properties that were either prohibited or did not hold required operating licenses in a firm stance against short-term rentals.
Airbnb was fined more than $74.8 million, and the Spanish Ministry of Consumer Affairs announced its penalty was definitive and instructed the U.S.-based Airbnb to promptly take down its unlawful listings, the BBC and Euro News reported.
In May, Spain announced for the first time that it directed Airbnb to remove tens of thousands of unauthorized listings from its platform.
The fine amounts to six times the profits Airbnb earned from the listings during the period between the government's warning and their eventual removal.
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