The US DOJ settles its case against RealPage, which was accused of building algorithms that allowed landlords to illegally collude to drive up rental prices (Thomas Barrabi/New York Post)
NegativeArtificial Intelligence
- The US Department of Justice has reached a settlement in its case against RealPage, a real estate technology firm accused of developing algorithms that facilitated illegal collusion among landlords to inflate rental prices. This settlement follows allegations that the company's practices contributed to rising housing costs for renters across the United States.
- This development is significant as it highlights the scrutiny facing technology firms in the real estate sector regarding their role in housing affordability. The outcome may influence future regulatory actions and the operational practices of similar companies in the industry.
— via World Pulse Now AI Editorial System
