To sum it up, making money by: - evading regulation through use of loopholes - turning a blind eye to people who violate contracts to provide the service (For

To sum it up, making money by: - evading regulation through use of loopholes - turning a blind eye to people who violate contracts to provide the service (For example, many AirBnB hosts don't actually have the legal right to lease the place they are listing) - allowing their service providers to skip things like insurance (in other words AirBnB takes a cut of the host's profit, while foisting the risk on the unwitting host) Running a service is cheap & "competitive" when you don't have insurance or even own the property! That comes at the price of risk, but AirBnB isn't the one who assumes that risk...