Zillow and Redfin accused of suppressing competition in lawsuit
NegativeWorld Affairs

The Federal Trade Commission (FTC) has filed a lawsuit against Zillow and Redfin, alleging that the two real estate companies engaged in an illegal agreement to stifle competition in online rental advertising. This lawsuit, initiated after Zillow's $100 million payment to Redfin, raises significant concerns about market fairness and consumer choice in the real estate sector. If proven, this could lead to stricter regulations and a reevaluation of business practices in the industry, impacting how companies operate and compete.
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