BBC on Nostr: RealPage: US accuses software firm of driving rent hikes ========== The US Department ...
RealPage: US accuses software firm of driving rent hikes
==========
The US Department of Justice (DOJ) has sued RealPage, a Texas-based software company owned by Thoma Bravo, for allegedly facilitating illegal rent coordination among landlords through its software algorithms. Attorney General Merrick Garland stated that this practice contributes to high rental prices, with RealPage controlling about 80% of the commercial revenue management software market. The lawsuit follows previous investigations and lawsuits against RealPage, highlighting concerns over housing affordability in the US. The DOJ's complaint claims RealPage had access to data on millions of apartments, allowing landlords to manipulate market forces. This lawsuit represents a federal effort to address the use of pricing algorithms in various industries.
#Realpage #Doj #RentHikes #HousingCrisis #ThomaBravo #Algorithms #Lawsuit #MerrickGarland #KamalaHarris #MarketManipulation
https://www.bbc.com/news/articles/c4gqw080n4jo
==========
The US Department of Justice (DOJ) has sued RealPage, a Texas-based software company owned by Thoma Bravo, for allegedly facilitating illegal rent coordination among landlords through its software algorithms. Attorney General Merrick Garland stated that this practice contributes to high rental prices, with RealPage controlling about 80% of the commercial revenue management software market. The lawsuit follows previous investigations and lawsuits against RealPage, highlighting concerns over housing affordability in the US. The DOJ's complaint claims RealPage had access to data on millions of apartments, allowing landlords to manipulate market forces. This lawsuit represents a federal effort to address the use of pricing algorithms in various industries.
#Realpage #Doj #RentHikes #HousingCrisis #ThomaBravo #Algorithms #Lawsuit #MerrickGarland #KamalaHarris #MarketManipulation
https://www.bbc.com/news/articles/c4gqw080n4jo