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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://journa.host/users/chrisgeidner/statuses/113012345842627301">Chris Geidner (chrisgeidner@journa.host)'s status on Saturday, 24-Aug-2024 05:42:14 JST</a><a href="https://journa.host/@chrisgeidner" title="chrisgeidner@journa.host"><img src="https://gnusocial.jp/avatar/75697-48-20240516135537.webp" width="48" height="48" alt="Chris Geidner" style="position: absolute; left: 0; top: 0;">Chris Geidner</a></section><article><p>lmaoooooo these quotes from ag garland's announcement of the realpage antitrust lawsuit</p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/3560729#notice-6987557">In conversation</a><time datetime="2024-08-24T05:42:14+09:00" title="Saturday, 24-Aug-2024 05:42:14 JST">about 3 months ago</time> <span>from <span><a href="https://journa.host/@chrisgeidner/113012345842627301" rel="external" title="Sent from journa.host via ActivityPub">journa.host</a></span></span><a href="https://journa.host/@chrisgeidner/113012345842627301">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/3076326">So today, after a nearly-two-year investigation, the Justice Department, joined by eight states, has sued RealPage, a commercial real estate software company, for violating the Sherman Antitrust Act.RealPage sells landlords what it calls “revenue management” software. We allege that this software is developed, marketed, and sold to enable landlords to sidestep vigorous competition in the rental market. Competing landlords agree to submit to RealPage, on a daily basis, their most sensitive, non-public information, including rental rates, lease terms, and projected vacancies.  RealPage then combines this data from competing landlords and feeds it into an algorithm that provides real-time pricing recommendations back to the competing landlords. But as we allege, these are more than just recommendations. RealPage actively polices landlords’ compliance with those recommendations. It also monitors landlords’ other policies ....</a></label><br><a href="https://assets.journa.host/media_attachments/files/113/012/345/342/753/017/original/7b27f4d1beed26cb.png" rel="external">https://assets.journa.host/media_attachments/files/113/012/345/342/753/017/original/7b27f4d1beed26cb.png</a></li><li><label><a rel="external" href="https://gnusocial.jp/attachment/3076327">A large number of landlords effectively agree to outsource their pricing decisions to RealPage by using an “auto accept” setting, which effectively permits RealPage to determine the price a renter will pay.Landlords understand what their arrangement with RealPage gets them. As one said, “I always liked this product because your algorithm uses proprietary data from other subscribers to suggest rents and terms. That’s classic price fixing.”And RealPage understands what it’s doing, too. In advertising its service to landlords, RealPage frequently says that a “rising tide raises all ships.” As a RealPage vice president explained, this phrase means that “there is greater good in everybody succeeding versus essentially trying to compete against one another.”</a></label><br><a href="https://assets.journa.host/media_attachments/files/113/012/345/622/582/809/original/98eec3b4d3839d85.png" rel="external">https://assets.journa.host/media_attachments/files/113/012/345/622/582/809/original/98eec3b4d3839d85.png</a></li></ol></footer></blockquote>

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Chris Geidner (chrisgeidner@journa.host)'s status on Saturday, 24-Aug-2024 05:42:14 JST Chris Geidner
lmaoooooo these quotes from ag garland's announcement of the realpage antitrust lawsuit
In conversationabout 3 months ago from journa.hostpermalink
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1. So today, after a nearly-two-year investigation, the Justice Department, joined by eight states, has sued RealPage, a commercial real estate software company, for violating the Sherman Antitrust Act.RealPage sells landlords what it calls “revenue management” software. We allege that this software is developed, marketed, and sold to enable landlords to sidestep vigorous competition in the rental market. Competing landlords agree to submit to RealPage, on a daily basis, their most sensitive, non-public information, including rental rates, lease terms, and projected vacancies. RealPage then combines this data from competing landlords and feeds it into an algorithm that provides real-time pricing recommendations back to the competing landlords. But as we allege, these are more than just recommendations. RealPage actively polices landlords’ compliance with those recommendations. It also monitors landlords’ other policies ....
  https://assets.journa.host/media_attachments/files/113/012/345/342/753/017/original/7b27f4d1beed26cb.png
2. A large number of landlords effectively agree to outsource their pricing decisions to RealPage by using an “auto accept” setting, which effectively permits RealPage to determine the price a renter will pay. Landlords understand what their arrangement with RealPage gets them. As one said, “I always liked this product because your algorithm uses proprietary data from other subscribers to suggest rents and terms. That’s classic price fixing.” And RealPage understands what it’s doing, too. In advertising its service to landlords, RealPage frequently says that a “rising tide raises all ships.” As a RealPage vice president explained, this phrase means that “there is greater good in everybody succeeding versus essentially trying to compete against one another.”
  https://assets.journa.host/media_attachments/files/113/012/345/622/582/809/original/98eec3b4d3839d85.png

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