Feds accuse Zillow of paying rival Redfin $100 million to "stop competing"

Feds accuse Zillow of paying rival Redfin $100 million to “stop competing”

Federal regulators are accusing online real estate firm Zillow of paying rival Redfin $100 million to discourage competition in home rental advertising, harming both renters and property managers. In a lawsuit filed Tuesday in the U.S. District Court for the Eastern District of Virginia, the Federal Trade Commission alleged the companies struck an “unlawful agreement…

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