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Zillow settles FTC antitrust suit over an alleged $100 million deal that sidelined Redfin's rental listings
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Zillow settled an FTC antitrust lawsuit by reversing an alleged $100 million agreement that removed Redfin from the apartment rental listing market.
The settlement forces Redfin to re-enter the internet listing service market, which the FTC expects will drive down costs and spur innovation for renters. It also requires Zillow to allow existing customers to renegotiate contracts without penalties and share employee information with Redfin.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
Zillow settled an FTC antitrust lawsuit accusing it of paying Redfin $100 million to halt its apartment rental listing service.
The settlement forces Redfin to re-enter the internet listing service market with significantly more listings.
Zillow must allow customers to renegotiate contracts without penalties and provide Redfin with employee information for recruitment.
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