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GUEST: Steven Hill, a Senior Fellow with the New America Foundation and a Holtzbrinck Fellow at the American Academy in Berlin. He is a political writer and author of five books, including the just published Raw Deal: How the “Uber Economy” and Runaway Capitalism Are Screwing American Workers.

San Francisco voters on Tuesday rejected a ballot measure that would have placed some restrictions on the tech firm AirBnB. The company in question spent more than $8 million to defeat Proposition F, far outspending any of the measure’s proponents.

AirBnB began as an online service allowing homeowners to rent out rooms to tourists and supplement their incomes. But over time, the company has begun to mostly serve private investors and owners of multiple properties who have squeezed out residential rental units.

For more information, visir www.rawdealbook.com or www.steven-hill.com.