Solve the case study of Uber and Airbnb.

Changes in the technological environment have created amazing opportunities for new business models while at the same time threatening traditional ones. For example Airbnb has shaken up the hospitality industry by allowing people to rent out spare rooms for their entire home to strangers. The Uber and lyft ride sharing business allow consumer to find a ride from people looking to earn extra money to earn extra money with their vehicles. And with Uber you don't have worry about having enough cash or giving your credit card to the driver. Payments and tips are done through Uber app. Traditional hotels and cab companies are crying foul, claiming that these businesses not playing by the same regulatory rules to which they are subject. Others are concerned about safety and reports of riders allegedly being attack, kidnappings and driver accidents, question the thoroughness of background checks of the 160,000-plus Uber drivers around the world. Some countries, states and cities in the United States have banned Uber business because of these issues.

1.Describe how Uber business model works and role of technology play in its success? What are arguments of banning Uber and Airbnb business? What are arguments for defending them?