BLUE
Login
JA
Jim Ausman
@ausman.bsky.social
San Francisco parent, into musical theatre, machine art, music, local politics and reading. Sci-fi buff, all around nerd.
13 followers20 following5 posts
OverviewPostsReplies
Reposted by Jim Ausman
CGchrisgeidner.bsky.social

lmaoooooo these quotes from ag garland's announcement of the realpage antitrust lawsuit

So today, after a nearly-two-year investigation, the Justice Department, joined by eight states, has sued RealPage, a commercial real estate software company, for violating the Sherman Antitrust Act. RealPage sells landlords what it calls “revenue management” software. We allege that this software is developed, marketed, and sold to enable landlords to sidestep vigorous competition in the rental market. Competing landlords agree to submit to RealPage, on a daily basis, their most sensitive, non-public information, including rental rates, lease terms, and projected vacancies. RealPage then combines this data from competing landlords and feeds it into an algorithm that provides real-time pricing recommendations back to the competing landlords. But as we allege, these are more than just recommendations. RealPage actively polices landlords’ compliance with those recommendations. It also monitors landlords’ other policies by, for example, trying to stop concessions that landlords use
A large number of landlords effectively agree to outsource their pricing decisions to RealPage by using an “auto accept” setting, which effectively permits RealPage to determine the price a renter will pay. Landlords understand what their arrangement with RealPage gets them. As one said, “I always liked this product because your algorithm uses proprietary data from other subscribers to suggest rents and terms. That’s classic price fixing.” And RealPage understands what it’s doing, too. In advertising its service to landlords, RealPage frequently says that a “rising tide raises all ships.” As a RealPage vice president explained, this phrase means that “there is greater good in everybody succeeding versus essentially trying to compete against one another.”
33
JAausman.bsky.social

Yeah I just deleted my account and came over here.

0
JAausman.bsky.social

Saigon first impressions.

0
JAausman.bsky.social

Bernal Heights. First one has an owl in the picture. Can you see it?

0
JAausman.bsky.social

Where is this? Arctic, wet. Alaska, Canada or Siberia is my guess.

0
JAausman.bsky.social

What’s the big circle in the center? My guess is algae, but that’s just Bio 101 speaking.

2
JA
Jim Ausman
@ausman.bsky.social
San Francisco parent, into musical theatre, machine art, music, local politics and reading. Sci-fi buff, all around nerd.
13 followers20 following5 posts
HomePopularExplore