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Algorithmic pricing cost renters billions, US White House report finds

( December 17, 2024, 21:39 GMT | Official Statement) -- MLex Summary: The US White House released a report quantifying the anticompetitive impact of algorithmic pricing on rents across the country to demonstrate how households are harmed when competition in rental housing is weakened. The report found that anticompetitive pricing costs renters in algorithm-utilizing buildings an average of $70 a month, totaling an estimated $3.8 billion in costs to renters in 2023.See attached file. ...

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