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AIs running vending machines form ruthless cartel to jack up prices
Algorithms that set prices for vending machines, apartment rents, and hotel rooms are drawing federal antitrust scrutiny as regulators argue these systems can function like old-fashioned cartels, even ...
TAMPA, Fla. — The nation’s largest landlord has agreed to stop using rent-setting software after a sweeping Department of Justice investigation found the system may have helped inflate rental prices ...
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RealPage Inc. agrees to a major settlement with the U.S. Department of Justice to resolve allegations that its rent-pricing software facilitated illegal “algorithmic collusion” among landlords.
The Department of Justice on Monday agreed to settle an antitrust suit that alleged software maker RealPage created a program that landlords and property managers — including some operating on Long ...
Real estate software company RealPage filed a federal lawsuit Wednesday against New York Attorney General Letitia James to block a new law targeting landlords and companies that use algorithms to set ...
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Last year, the Department of Justice filed an antitrust suit against software company RealPage, accusing it of manipulating the rental housing market and driving up prices. Now, the DoJ has announced ...
The Justice Department had accused the real estate software company of enabling landlords to charge tenants more than free-market rates. By David McCabe The Justice Department said on Monday that it ...
The settlement puts limits on the data RealPage can collect from landlords, which it uses to recommend rent prices. The settlement puts limits on the data RealPage can collect from landlords, which it ...
Thoma Bravo LLC’s RealPage Inc. and the Justice Department reached a settlement agreement in an antitrust case that had accused the company of monopolizing the market for rental property software and ...
Nov 24 (Reuters) - The U.S. Justice Department has reached a settlement with RealPage over allegations it helped landlords fix rents by sharing pricing information through its software, court papers ...
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