Airbnb's jawdropping $8 million expenditure to defeat the ballot measure that would strictly regulate short-term rentals in San Francisco has the No on Proposition F
campaign on track to become one of the most expensive in San Francisco history. With five weeks to go, Airbnb trails only the American Beverage Association ($9.2 million to defeat the soda tax in 2014) and PG&E ($10.8 million in 2008 to defeat public power).
Airbnb's $8 million far outstrips the $5.6 million that all 14 mayoral candidates combined spent in the 2011 election.
So what is Airbnb doing with all that money?
Well, first of all, the campaign has only reported the expenditures up to September 19, at which point it had paid out $3,582,028. About 20% of that dough (approximately $600,000) has gone to things like payroll, office supplies, rent (the campaign had to swallow a $10,000 loss after cancelling a $40,000 lease with landlord Edward Litke
on its ill-fated Mission campaign HQ), Uber rides, Instacart deliveries, meals for volunteers, and Clipper cards.
The other 80% has gone to a handful of big winners. Here's who's cashing in on Airbnb's pile of cash: