DOJ sues RealPage, alleging software contributed to meteoric rents

The Department of Justice has filed an antitrust lawsuit against Real Page, a real estate software company, accusing it of using an algorithm to coordinate rent price increases among landlords. The lawsuit claims Real Page controls 80% of the market and has contributed to rising rent prices by sharing sensitive data among landlords. While some argue the lawsuit is justified, others believe it unfairly targets Real Page. The case highlights broader concerns about market competition and the role of algorithms in pricing strategies.

What is the stance of Real Page regarding the lawsuit, according to their statement?

What are the potential consequences for Real Page as mentioned by attorney Michael Jafer?