FTC sues Zillow and accuses it of buying off rival Redfin
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."<br /> 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.<br /> The FTC went on to suggest that this anti-competitive practice would lead to higher prices and worsening terms for both r [...]
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The FTC sues Ticketmaster for allegedly colluding with resellers
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FTC sues John Deere over ‘unfair corporate tactics’ and ‘high repair costs’
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Trump's firing of Democratic FTC commissioner was unlawful, judge rules
Rebecca Kelly Slaughter, one of the Democratic FTC Commissioners President Trump had fired back in March, said she looks forward to getting back to work. US District Judge Loren AliKhan has just ruled [...]