4 ms·

AirBnB was always a regulatory arbitrage play.

• oblio 6y ago
  Or in layman's terms: find a legal grey area and become a billionaire before it becomes illegal. Was it Ford that said: don't ask me how I made my first million?
  • wolco2 6y ago
    What did Ford do?
    • oblio 6y ago
      Don't ask me, ask Ford! :-p
  • gamblor956 6y ago
    What AirBnb did was not find a grey area; unregistered bnb's were already illegal at the time. They simply relied on their hosts facing the primary brunt of the legal and fiscal penalties.