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Benzinga
Benzinga
Business
Evette Mitkov

Zillow Stock Is Falling: What's Behind The Sell-Off?

Zillow Redfin Letitia James United States Lawsuit New York
Portland,,Or,,Usa,-,Nov,11,,2024:,Zillow,Real,Estate

Zillow Group Inc (NASDAQ:Z) (NASDAQ:ZG) shares are trading lower on Wednesday after New York Attorney General Letitia James and four other states filed an antitrust lawsuit accusing the company of paying a major competitor to exit the apartment rental advertising business.

What Happened: The Federal Trade Commission sued Zillow and Redfin over an unlawful agreement that removes Redfin as a competitor for placing advertising of rental housing on internet listing services.

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