FTC sues Zillow and accuses it of buying off rival Redfin

1 month ago 3

The Federal Trade Commission (FTC) is suing home-search website Zillow, alleging that it paid rival Redfin $100 million to eliminate competition in the online listing business. The suit refers to a deal inked back in February between the two companies in which Redfin allegedly agreed to become "an exclusive syndicator of Zillow listings."

The allegations suggest that Redfin began copying over listings from Zillow instead of creating its own listings, which gave Zillow much more control over the space. The suit also accuses Redfin of agreeing to end contracts with advertising customers in an alleged attempt to cede more ground to Zillow.

The FTC went on to suggest that this anti-competitive practice would...

Source: https://www.engadget.com/big-tech/ftc-sues-zillow-and-accuses-it-of-buying-off-rival-redfin-184539492.html?src=rss

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