NYC real estate
fromtherealdeal.com
1 day agoAntitrust lawsuit fallout fails to dent New York agent commissions
Commission rates in New York City remain stable despite antitrust lawsuits, with agents earning similar amounts as before.
The crunch moment in Google's antitrust battles with the Justice Department over its ad tech stack looms ever closer, with Justice Leonie Brinkema expected to issue her remedies ruling by the close of Q1. While these deliberations take place in the chambers of a courtroom in the Eastern District of Virginia, developments elsewhere underscore the political undercurrents at play, namely the push to limit Big Tech's power.
The moment you visit a website or app with ad space, it asks an ad tech company to determine which ads to display for you. This involves sending information about you and the content you're viewing to the ad tech company. This ad tech company packages all the information they can gather about you into a "bid request" and broadcasts it to of potential advertisers.
But for many hotels, visibility-and sometimes survival-comes at the expense of profits. That dynamic is now at the heart of Beijing's antitrust probe. Regulators allege Trip.com is abusing its market position, with analysts citing deflation across the sector as the government's main concern. Interviews with lodging operators, industry groups and travel consultants describe a system where constant price-cutting and opaque policies are eroding profitability, even as demand rebounds.
The Federal Trade Commission said Tuesday it will appeal the November ruling in favor of Meta in its antitrust case against the social media giant. The FTC said it continues to allege that, for more than a decade, Meta Platforms Inc. has "illegally maintained a monopoly" in social networking through anticompetitive conduct "by buying the significant competitive threats it identified in Instagram and WhatsApp."
Gail Slater, the top antitrust enforcer at the Justice Department, announced Thursday that she has left her post, just weeks before the agency's next major tech monopoly trial against entertainment giant Live Nation is set to begin. "It is with great sadness and abiding hope that I leave my role as AAG for Antitrust today," Slater posted from her personal X account. Slater thanked the staff of the Antitrust Division and called the role "the honor of a lifetime." In a statement, Attorney General Pam Bondi thanked Slater for her service, but did not directly address questions about what precipitated her departure or who would take over as the acting leader of the Division.