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Zillow Redfin Hit With $2M Antitrust Fine | Tucson News
Zillow and Redfin just paid a $2 million fine after secretly agreeing to split the apartment listing market — Zillow paid Redfin $100 million to stop advertising in buildings with 25+ units, letting Redfin off the hook for nine years. The FTC and five state attorneys general, including Arizona’s, called it illegal antitrust behavior that hurt renters and property owners by raising prices and limiting choices. Now both companies must compete fairly again: Redfin must rebuild its own apartment ad business from scratch, can’t rely on Zillow’s listings, and both are banned from similar deals…
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