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RE: LeoThread 2024-08-24 02:36

in LeoFinance2 months ago

The Richardson, Texas-based outfit is accused of contracting with rival landlords to absorb info about their rates and lease terms to train RealPage’s recommendation algorithms, and in the process discouraging competition among property owners who defer to the company’s recommendations on pricing and other terms.

It’s the DOJ’s first big algorithmic collusion case and comes as rent in the U.S. skyrockets, climbing 33% since March 2020, according to Zillow.