> Local regulations are finally catching up to them Dodging regulation and taxes was Airbnb's biggest competitive advantage. Regulatory entrepreneurship only

> Local regulations are finally catching up to them Dodging regulation and taxes was Airbnb's biggest competitive advantage. Regulatory entrepreneurship only works long-term if you can continue to dodge, or change, the law (either statutes or case law.) We will see what happens with all of the AI companies who claim fair use.