Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
US federal regulators, including the FTC and Justice Department, argue that hotels using algorithms to set room prices can violate antitrust laws, even without direct communication. The regulators emphasize that algorithmic price-fixing constitutes collusion, with Arizona's AG also suing companies for using rent yield maximization software to form a monopoly and allegedly overcharging renters.
So, AZ AG is suing these companies for colluding to form a monopoly by using Real Page’s rent yield maximization software, similar to Yardi’s Yieldstar. AG says these companies “tricked” renters into paying more than they should. Does the AG not think these renters can do their… https://t.co/Dm0sWK7AVF
Feds Jump Into Algorithmic Pricing Suit, Say Collusion Can Occur Without Humans Uttering a Word https://t.co/MFKfPB8f8M
Hotels that use algorithms to set the price of rooms are violating antitrust laws, federal regulators argued in their latest move against algorithmic price-fixing. https://t.co/Ckq6Oyfg6f
