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A price-fixing company on home rentals, in this market and economy... I'd cheer on officials imprisoning all the execs and board members, seizing and dissolvin
by neilv 3y ago
A price-fixing company on home rentals, in this market and economy... I'd cheer on officials imprisoning all the execs and board members, seizing and dissolving the company, clawing back gains from investors, etc.
And landlords who'd used this company to collude would be offered plea deals, in which they're wiped out financially, and permanently banned from investing in residential properties. Bonus: they can see what it's like to be an exploited renter.
The resulting funds can partly compensate some of the renters who were harmed, including many of those impacted by the effect this collusion had on the larger market.
Hopefully, that would double as a warning to any other startup founders who want to pull yet another "it's not illegal, if you call it an app" scheme.
Justice fantasies aside, at least HN could condemn these awful companies and the people who make them; never celebrate them.