Airbnb Shares Plummet 3.74% Amid 40.87% Surge in Trading Volume to $560M as Spain Crackdown on Listings Sends Platform to 190th in Daily Liquidity Ranking

Airbnb (ABNB) closed on July 29, 2025, with a 3.74% decline, despite a 40.87% surge in trading volume to $560 million, ranking it 190th in daily liquidity across the stock market. The drop followed regulatory actions in Spain targeting 120,000 listings on the platform deemed noncompliant with local housing laws.

The Spanish consumer rights ministry confirmed the removal of 65,000 previously flagged listings and identified an additional 54,728 unlicensed properties under new July 1 legislation. The crackdown, which includes inspections by regional authorities and city councils, aims to curb excessive tourism and housing cost inflation. Airbnb challenged the measures in court, arguing the ministry lacked legal authority to enforce compliance without evidence-based criteria.

Regulatory pressures in major markets like Spain could weigh on Airbnb’s growth trajectory, particularly as short-term rental restrictions expand globally. The company’s recent legal battles highlight the tension between platform scalability and local housing regulations, raising investor concerns over operational risks and market share in Europe. However, the surge in trading volume suggests heightened market interest amid regulatory developments.

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