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None of those are loop holes in the system, just gaps in the market. A loophole implies bypassing existing laws or regulations. I suppose you could make an pre
by bhhaskin 3y ago
None of those are loop holes in the system, just gaps in the market. A loophole implies bypassing existing laws or regulations.
I suppose you could make an pretty compelling argument that ride-sharing like Uber and Lift are a loophole around the regulations of taxies. Same with Airbnb. But not sure if those made anyone a billionaire. Multi millionaire for sure, but I don't think a billionaire.
- teachrdan 3y agoYou actually gave a perfect example. Airbnb made it possible to create unregulated hotels across the world, and Airbnb got a cut of every booking. Brian Chesky, one of the founders, is worth almost $10 billion. https://www.forbes.com/profile/brian-chesky/?sh=34a2068944d3 https://www.forbes.com/profile/brian-chesky/?sh=34a2068944d3
- bhhaskin 3y agoI stand corrected!