14 big landlords used software to collude on rent prices, DC lawsuit says

L4sBot@lemmy.worldmod to Technology@lemmy.world – 393 points –
14 big landlords used software to collude on rent prices, DC lawsuit says
arstechnica.com

14 big landlords used software to collude on rent prices, DC lawsuit says::Suit claims employees were told pricing outside the algorithm was "unacceptable."

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Theoretically that is illegal.

Penalties for this should be severe. Like, impounding company assets and destroying them.

The fine of 1% of last quarter’s profits will ensure they learn their lesson.

Turn their properties into a coop and give the shares to the tenants