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Redfin and Zillow must change unlawful agreement that hurts competition, FTC says

Redfin and Zillow must amend a commercial agreement the real estate firms struck last year because it weakened competition in the home rental market and harmed consumers, federal regulators said on Monday. The settlement, announced Monday by the Federal Trade Commission, resolves an antitrust lawsuit the agency filed last year. The FTC alleged that Zillow paid…

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AI companies accused of hoarding and destroying millions of books

More than a dozen public interest and consumer advocacy groups are urging the Federal Trade Commission to investigate leading artificial intelligence developers for allegedly buying, scanning and destroying books used to train their large language models, a practice the organizations described as “destructive” and anticompetitive. In a letter to FTC Chairman Andrew Ferguson and Commissioner…

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