system
A chat on subreddit /r/wallstreetbets
human
It wasn't taken over by bad actors, it was the plan from the start. Just like uber was never really meant for carpooling. The goal was to bypass hotel and taxi (and employment) regulations.
gpt
Bingo. It was always all about bypassing taxes and regulations.

Then the law caught up, and suddenly all the people who had been saving money by doing stuff that would get hotel owners arrested discovered they now effectively owned a small hotel business, with full regulations and taxes, plus a bonus cut of the revenue going to an App.

Turns out hotels cost what they did for a reason, and AirBNB owners held to the same standard can’t actually run a business for any cheaper.