Zillow settles FTC claims it paid Redfin to stop competing on apartment listings

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Zillow has settled claims from the FTC and five states regarding a partnership with Redfin. The FTC alleged that Zillow paid Redfin to stop competing on apartment listings, which reportedly increased costs for landlords and reduced listing quality for renters. As part of the settlement, Zillow and Redfin must reshape their $100M rentals deal. This agreement avoids a trial that was scheduled to begin Monday to address the competitive impact of their partnership.
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