Core Viewpoint - Zillow allegedly paid Redfin $100 million to cease competition in online apartment rental listings, as stated in a lawsuit by the U.S. Federal Trade Commission [1] Company Summary - Zillow's payment to Redfin is characterized as an anti-competitive practice aimed at reducing competition in the online real estate market [1] - The lawsuit highlights concerns regarding market manipulation and the potential negative impact on consumers seeking rental listings [1] Industry Summary - The incident raises significant questions about competitive practices within the online real estate industry, particularly in the rental segment [1] - Regulatory scrutiny from the U.S. Federal Trade Commission indicates a growing focus on maintaining fair competition in digital marketplaces [1]
FTC accuses Zillow of paying Redfin $100 million to stop competing on rental listings