FTC sues Zillow and accuses it of buying off rival Redfin
NegativeTechnology

The Federal Trade Commission (FTC) has filed a lawsuit against Zillow, alleging that the company engaged in anti-competitive practices by purchasing its rival, Redfin. This legal action raises significant concerns about market competition in the real estate sector, as it could potentially limit consumer choices and drive up prices. The outcome of this case may set a precedent for how tech companies operate in competitive markets, making it a crucial development for both consumers and industry stakeholders.
— Curated by the World Pulse Now AI Editorial System