4 ms·

This case -like the Sackler case- I hope they burn the company down with malice to make an example. I have similar feelings about Airbnb. I think they caused a

This case -like the Sackler case- I hope they burn the company down with malice to make an example. I have similar feelings about Airbnb. I think they caused a good deal of harm, but I'm more kind to the argument they are allowing market forces to act. People are priced out by mid-level wealth holders in nice locations who rent out to tourists; homes young families could have enjoyed. Airbnb could be a net harm on society ~30 years from now. Still too early to tell imo

staplers 2y ago
I hope they burn the company down Will probably just be a "fine" (got caught tax) and nothing changes. It's an explicit signal to keep doing it unless the punishment is worse than the profit.
- CPLX 2y ago
  In the case of RealPage that doesn’t seem like the most probable outcome. They’ve been caught red-handed engaged in blatantly illegal price-fixing conduct that has harmed millions of American families. They’re up against the DOJ and plenty of red state AGs too, all signs point to them being nailed to the wall. At least at a corporate level, we don’t have a good track record of sending execs to jail of course.
  - staplers 2y ago
    They'll make a big show for the headlines "record breaking $50 million fine for evil bad company" and it will be 35% of profit made on said practices.
    - abakker 2y ago
      Worse, the real profits made were by the individual landlords, so there's no incentive against a similar enough service to emerging instead.
    - CPLX 2y ago
      I could definitely be wrong. But that seems unlikely here. The entire basis of the company is illegal, it's hard to see any settlement here that doesn't involve them completely ceasing to exist and having to pay fines.
- nox101 2y ago
  it also feels like it has no meaning unless they magically roll back rent prices by 50% or more... which isn't going to happen
deleted 2y ago
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staplers 2y ago

I hope they burn the company down Will probably just be a "fine" (got caught tax) and nothing changes. It's an explicit signal to keep doing it unless the punishment is worse than the profit.

CPLX 2y ago
In the case of RealPage that doesn’t seem like the most probable outcome. They’ve been caught red-handed engaged in blatantly illegal price-fixing conduct that has harmed millions of American families. They’re up against the DOJ and plenty of red state AGs too, all signs point to them being nailed to the wall. At least at a corporate level, we don’t have a good track record of sending execs to jail of course.
- staplers 2y ago
  They'll make a big show for the headlines "record breaking $50 million fine for evil bad company" and it will be 35% of profit made on said practices.
  - abakker 2y ago
    Worse, the real profits made were by the individual landlords, so there's no incentive against a similar enough service to emerging instead.
  - CPLX 2y ago
    I could definitely be wrong. But that seems unlikely here. The entire basis of the company is illegal, it's hard to see any settlement here that doesn't involve them completely ceasing to exist and having to pay fines.
nox101 2y ago
it also feels like it has no meaning unless they magically roll back rent prices by 50% or more... which isn't going to happen

deleted 2y ago

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