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morrowind@lemmy.ml to News@lemmy.world · 1 year ago

[FTC to landlords] Price fixing by algorithm is still price fixing

www.ftc.gov

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[FTC to landlords] Price fixing by algorithm is still price fixing

www.ftc.gov

morrowind@lemmy.ml to News@lemmy.world · 1 year ago
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Price fixing by algorithm is still price fixing
www.ftc.gov
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Landlords and property managers can’t collude on rental pricing. Using new technology to do it doesn’t change that antitrust fundamental. Regardless of the industry you’re in, if your business uses an algorithm to determine prices, a brief filed by the FTC and the Department of Justice offers a helpful guideline for antitrust compliance: your algorithm can’t do anything that would be illegal if done by a real person.
  • mosiacmango@lemm.ee
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    1 year ago

    The FTC agrees.

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