I don't think AirBnB or Uber's execution is good at all. They are essentially cresting a wave that is about to smash into the breakwater of legislation. Soon

I don't think AirBnB or Uber's execution is good at all. They are essentially cresting a wave that is about to smash into the breakwater of legislation. Soon both services will be either - a. Regulated out of existence b. Forced to comply with regulation making them a de facto hotel-like or taxi-like service eroding their entire competitive advantage. Another example of people stating that "efficiency = deregulated market" without considering the wider reason for societal acceptance of the regulation. I would rather have my housing area protected than have AirBnB. I would rather my daughter use licensed minicabs than unregulated services.