Airbnb more than doubled its share price as soon as it began trading on the Nasdaq, which is pretty bloody good for a company that is still yet to turn an annual profit.

The new laws include a ‘three strikes and you’re out’ approach for irresponsible hosts. However, that’s not to say they will be forced to wield baseball bats or chew tobacco.

We feel just as defeated as the apartment investors reading this story, only in our case, it’s because we had one too many wines last night.