FTC sues Zillow and Redfin alleging antitrust violation in online rental listings

The stock market graphic of Zillow Group is displayed on a smartphone with the logo of Zillow in the background on Feb. 21, 2021.The Federal Trade Commission is suing real estate giants Zillow and Redfin, alleging the two illegally conspired to reduce competition in the online multifamily rental listing market, the agency said Tuesday. In the complaint, the FTC alleges that the companies violated federal antitrust laws earlier this year when Zillow paid Redfin $100 million to essentially re-host Zillow mult ...