Zillow settles antitrust case, Redfin to resume listings
Zillow has settled an antitrust lawsuit with the FTC, reversing an agreement that had shut down Redfin's internet listing service for apartment rentals. Redfin will relaunch with significantly more listings, and Zillow must provide employee information for recruitment and allow customers to renegotiate contracts without penalties. The settlement aims to restore competition in the ILS market, potentially lowering costs and spurring innovation.
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Zillow and Redfin settle antitrust case; Redfin to revive rental ad business · Software & cloud
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