Airbnb settles lawsuit with New York over short-term rental law

This is an old article (from 11/24/16), which talks about Airbnb's suit against NY State, and says that their other suit against NY City is still pending. However, the latest news is that Airbnb has now dropped its suit against NY City. See, for example, this article in today's NY Times:

Airbnb Ends Fight With New York City Over Fines

https://news.ycombinator.com/item?id=13094963

This means that Airbnb will not challenge the law that allows people who post illegal listings on Airbnb (rentals less than 30 days) to be fined $7,500.