Zillow settles antitrust lawsuit with the FTC

Zillow has reached a settlement regarding an antitrust lawsuit filed by the FTC. The legal action centered on claims that Zillow provided payments to Redfin to prevent the company from competing in the apartment listings market. By settling these claims, Zillow addresses the allegations of anti-competitive behavior aimed at limiting competition within the real estate rental sector. The agreement concludes the dispute over the specific financial arrangements made between the two major industry players.