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Re:Internet Archive responds to publishers’ lawsuit by chadash on Thursday July 30, 2020 @12:57PM (#24000418)
There is a 14 day time limit, but you can renew when that's over, with no limitations based on who else has a copy of the book. So it doesn't seem like a very meaningful control, certainly not in the eye of the copyright holder.
Re:Internet Archive responds to publishers’ lawsuit by acqq on Thursday July 30, 2020 @04:04PM (#24002310)
> you can renew when that's over

You could now try, if the DRM allows it, and the Internet Archive only temporarily during the lockdowns, through the DRM, allowed more than one person to read the book. That is, you could have had it for 14 days, but now you just couldn't renew it anymore unless nobody reads it.