Realcomp II Reduced Competition- Harmed Consumers
… Says an FTC Ruling.
In a 4-0 ruling today, the FTC says Realcomp II acted to restrict consumers access to discounted listings through it’s websites, thus harming competition.
In its opinion announced today, the Commission found that “the practices at issue improperly limit consumers’ access to information about the availability of these lower-priced alternatives,” and . . . concluded “that [Realcomp’s] acts and practices unreasonably restrain trade in violation of Section 1 of the Sherman Act . . . and Section 5.” The Commission’s administrative decision resolves litigation arising from a complaint charging that Realcomp’s policies violate Section 5 of the Federal Trade Commission Act.
The release from the FTC is rich with disruptive language- red meat for hungry progressives.
the Commission wrote, “illustrate how technological dynamism and organizational innovation can place enormous pressure on traditional business models and create possibilities for ‘the new commodity, the new technology, the new source of supply, the new type of organization’ [Joseph A. Schumpeter, Capitalism, Socialism, and Democracy 84 (1942)] that can transform markets. Because [these] are powerful stimulants for economic progress, an especially important application of antitrust law is to see that incumbent service providers do not use improper means to suppress innovation-driven competition that benefits consumers.”
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This article published on Monday, November 2nd, 2009 at 7:42 pm | Contact the editor
Topics: News
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Realcomp II Reduced Competition- Harmed Consumers: … Says an FTC Ruling.
In a 4-0 ruling today, the FTC s.. http://bit.ly/3qp0Q6
Benn Rosales
Conal Campbell
Elijah May
Lani Rosales
Tara Steele
Marti Trewe
Charlene Jimenez
Every aspect of our business is roiling with change. It’s an interesting time, but then, people have been saying that for 100 years.
Cheers
Wow, hadn’t heard there was a reversal of that decision today. I know many of the Directors on that board as they are right next to us on boundary lines.
Yes there MLS is very proprietary. They are finally getting REITS complaint.
Ugh scary statement you pulled out. Shocked they quoted that. Actually the last I heard they were allowing Discount Brokers to post their listings.
Realcomp II Reduced Competition- Harmed Consumers: … Says an FTC Ruling.
In a 4-0 ruling today, the FTC s.. http://bit.ly/3qp0Q6
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Realcomp II Reduced Competition- Harmed Consumers: In a 4-0 ruling today, the FTC says Realcomp II acted to res.. http://bit.ly/3VImUD
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