> That reveals a startling statistic that 80% of the market is controlled by only 12,000 users. That's 433 units per user on average. This conflates the market

> That reveals a startling statistic that 80% of the market is controlled by only 12,000 users. That's 433 units per user on average. This conflates the market for this type of software with the larger housing market. Presumably, this software is only used by some large (probably mostly hedge-fund or REIT funds) apartment complexes. So, yeah, 80% of that market, but that's only a tiny amount of the overall market. The DOJ chose that number (almost certainly out of a hat, because there's no way to actually identify all of them) of 80% in order to make it seem like it's a monopoly, but proving at trial that RealPage or its clients controls prices over more than a tiny fraction of the market will be incredibly difficult (actually impossible, because it's obviously not true). However, given the DOJ's limitless funding to pursue this, clearly it's not after actually winning at trial; it's after a consent decree.