“I always liked this product because your algorithm uses proprietary data from other subscribers to suggest rents and terms. That’s classic price fixing.”
BRAVO.
BRAVO.
Reposted from
Chris Geidner
lmaoooooo these quotes from ag garland's announcement of the realpage antitrust lawsuit
Comments
They don't even realize that what they're alluding to is expressly and obviously illegal.
Brilliant.
RealPage: We're smart enough to do an antitrust using a black box "so it's legal", but not smart enough to ID the mens rea part...
And yes, it does mean you sometimes want to strangle them.
The application is looking to head off the prisoners dilemma where we all make good money by agreeing to a common price and where one person makes great money by undercutting the others.
Landlord: To get pricing recommendations.
DOJ: Did you know it used your competitors' proprietary data?
LL: Oh yeah! That's how we fixed prices!
DOJ: ...
LL: And we acted purposely and knowingly.
https://www.bloomberg.com/news/articles/2024-08-23/thoma-bravo-s-realpage-sued-by-us-in-rental-collusion-case