In Europe and the US we are beginning to see a backlash against the sharing economy idea. For Uber, this means fighting the existing taxi industry and its government backers. The prevailing argument is that Uber drivers aren’t regulated like taxis and it creates an unfair advantage. Meanwhile Airbnb has been accused of undermining laws related to hotels and rental agreements. It has reached the point where the two companies can’t simply pretend they are casual startups trying to launch a new kind of business. There’s far too much at stake now with their huge valuations and billions in venture capital –and these political and social elements could be beginning to catch up with them. Airbnb was created as a way to rent out an extra room or even your house or apartment during times you weren’t there, but over time it has morphed into more than that, and now some people see bigger profits using their properties for short-term rentals using the Airbnb platform. Get the full story at TechCrunch