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Algorithmic price-fixing of rents is here

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A series of lawsuits allege that RealPage's AI-enabled 'property management software' facilitates price-fixing in rental markets. RealPage denies wrongdoing, claiming it only offers recommendations. Courts face challenges adapting antitrust laws to algorithmic collusion, yet some local government measures like San Francisco's ordinance begin to address the issue.

  • RealPage faces lawsuits alleging AI-enabled price-fixing.
  • Price-fixing is a serious antitrust violation.
  • RealPage claims a market share of about 7%.
  • Algorithmic collusion complicates legal prosecution.
  • San Francisco banned certain pricing software uses.