FTC Lawsuit Alleges Zillow-Redfin Deal Stifles Competition and Hurts Renters
In what could be a major shake-up for the rental housing market, the Federal Trade Commission (FTC) has filed a lawsuit against Zillow and Redfin, claiming the two companies struck an illegal agreement that essentially kills off competition in the online rental advertising space. According to the FTC, Zillow paid Redfin $100 million earlier this year to abandon its multifamily rental advertising business, hand over key customer data, and even help Zillow poach Redfin employees. The result? Redfin stopped selling rental ads and now only displays Zillow’s listings on its Continue Reading →
