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This. AirBnB put about $10M in SF fighting regulation in the last election. Smart money. Their problem today is that despite their success in that round, the
by aaroninsf 10y ago
This.
AirBnB put about $10M in SF fighting regulation in the last election. Smart money.
Their problem today is that despite their success in that round, the fiction that their business is about a 'share economy' is unraveling as details emerge from third parties on their actual revenue stream:
https://fivethirtyeight.com/features/airbnb-probably-isnt-driving-rents-up-much-at-least-not-yet/ https://fivethirtyeight.com/features/airbnb-probably-isnt-dr...
I look forward to regulation catching them.