The Federal Trade Commission has taken Zillow and Redfin to court, accusing the real estate heavyweights of teaming up to choke off competition in the online apartment rental.
The Federal Trade Commission has taken Zillow and Redfin to court, accusing the real estate heavyweights of teaming up to choke off competition in the online apartment rental ad world. According to the FTC’s complaint, Zillow paid Redfin $100 million earlier this year to host its apartment listings on Redfin’s platforms, CNBC reports. The agency says this was not just a business deal but a calculated move to reduce competition, effectively making Redfin’s rental sites mirror images of Zillow’s.
