An Algorithm Raised the Rent on 4 Million Apartments. The Fine Was Zero.

RealPage's software priced 1 in 4 US apartments. The DOJ called it a cartel. Renters paid $3.8B extra in 2023 alone. The settlement: zero fines, zero money returned.

Now RealPage is suing New York for banning the algorithm entirely.

Read more: https://dev.to/mothasa/an-algorithm-raised-the-rent-on-4-million-apartments-the-fine-was-zero-h0f

#AI #Technology #Housing #Antitrust #AlgorithmicPricing