The Heritage Foundation, which owns more than $40,000 of Airbnb stock, has won its legal fight to have Airbnb include shareholder proposals on the agenda of its 2026 stockholder meeting, the nonprofit Alliance Defending Freedom (ADF) legal organization announced Friday.
Airbnb agreed to include the proposals of Heritage and the American Conservative Values ETF in order to resolve the lawsuit, The Heritage Foundation v. Airbnb, filed after the company excluded the two shareholders’ proposals from its 2025 proxy materials.
“This case has always been about protecting the rights of shareholders and reinforcing the principle that public companies must follow the law and remain accountable to their owners,” Heritage Foundation Chief Advancement Officer said in a statement. “As a shareholder, Heritage wants Airbnb to succeed by creating long-term value for investors and focusing on its core business. We appreciate that Airbnb fulfilled its legal obligations so its shareholders could have their voices heard.”
The Heritage proposal highlights Airbnb’s “history of yielding to politicized pressure campaigns,” ADF said in a press release announcing the settlement:
“It cited Airbnb’s 2018 decision to de-list Israeli-owned rental properties in the West Bank before later reversing course. The proposal called on the board to issue an annual report to shareholders analyzing the legal and reputational risks associated with the Boycott, Divestment, and Sanctions movement and similar activism.”
The American Conservative Values ETF proposal requests a report on how the company’s terms-of-use policies can negatively impact shareholder value. The proposal highlighted broad, subjective standards such as “misinformation,” “hate speech,” “intolerance,” or “reputational risk” that can enable viewpoint discrimination.
It also cited instances in which Airbnb, an online marketplace connecting travelers with hosts providing short-term lodging, blocked conservative commentator Michelle Malkin, as well as Lauren Southern and members of her family, from being able to use its services because of their political affiliations.
