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Three Algorithms in a Room
A growing number of industries are using software to fix prices. Law enforcers are beginning to fight back.
“It raises red flags when we see the sharing of competitively sensitive information among rivals, whether directly or through an intermediary,” said Doha Mekki, the principal deputy assistant attorney general at the DOJ’s Antitrust Division. The current position of the Biden Justice Department on this front in many ways mirrors a speech delivered in 2017 by Maureen Ohlhausen, the former Republican FTC chair under Trump and a Chicago schooler in every respect. POSTSCRIPT: Earlier this week, as MLex first reported, the FBI raided Atlanta-based corporate landlord Cortland Management, as part of an ongoing investigation into RealPage’s algorithmic price-fixing of real estate markets.
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