Skip to main content

Posts

Showing posts from August 12, 2025

Greystar DOJ Settlement: Largest US Landlord Drops RealPage Rent Algorithm

Greystar DOJ Settlement: Largest US Landlord Drops RealPage Rent Algorithm Key Takeaways Greystar Real Estate Partners (property management company) settled with U.S. Department of Justice (federal agency) over RealPage algorithmic pricing (software system) Settlement agreement prohibits Greystar from using competitor data-sharing algorithms for rent pricing decisions DOJ Antitrust Division alleges RealPage software enabled price-fixing conspiracy among major landlords Greystar must cooperate with ongoing DOJ lawsuit against RealPage Inc. Attorney General Pam Bondi and Senator Amy Klobuchar praised antitrust enforcement action No financial penalties imposed on Greystar — company denies wrongdoing Algorithmic price-fixing investigation targets rental housing industry coordination practices Additional landlord settlements exp...

Do Kwon Pleads Guilty to $40B Terra Fraud Charges | 25-Year Max Sentence | Dec 2025 Sentencing

Do Kwon Pleads Guilty to $40B Terra Fraud Charges | 25-Year Max Sentence | Dec 2025 Sentencing Key Takeaways Do Kwon pleaded guilty to conspiracy and wire fraud charges on August 12, 2025 $40 billion collapse of TerraUSD and Luna cryptocurrencies in May 2022 25-year maximum sentence possible under federal guidelines December 2025 sentencing scheduled by Judge Paul Engelmayer Complete reversal from January 2025 not guilty plea Terraform Labs co-founder admitted to knowingly defrauding investors Algorithmic stablecoin experiment became crypto's biggest fraud case Article Outline The Guilty Plea That Shocked Crypto From Singapore Success to Manhattan Courtroom The $40 Billion Algorithm That Failed How TerraUSD Became Terra-Collapse Criminal Charges and Federal Prosecution The Extradition Battle That Brought Him Here What December Sentencing Means The Crypto Industry's Reckoning The Guilty Plea That Shocked Crypto Do Kwon stood before Judge Paul Engelmayer in Manhatt...

Perplexity's $34.5B Chrome Bid: AI Startup Challenges Google Monopoly in Antitrust Play

Perplexity's $34.5B Chrome Bid: AI Startup Challenges Google Monopoly in Antitrust Play Key Takeaways Perplexity made an unsolicited $34.5 billion cash offer for Google Chrome The bid nearly doubles Perplexity's own $18 billion valuation Unnamed venture capital investors committed to finance the entire purchase The offer follows a 2024 court ruling declaring Google's search monopoly illegal Chrome controls over 60% of the browser market with 3.5 billion users Google refuses to sell and plans to appeal the antitrust ruling Perplexity promises to maintain Chrome's open-source nature and invest $3 billion over two years The Audacious Offer That Shook Silicon Valley A startup with a history measured in years just offered to buy the world's most popular web browser. Perplexity AI dropped $34.5 billion on the table for Google Chrome , an amount that makes most corporate acquisitions look like pocket change. The numbers tell a story. Chrome sits on 3.5 billion device...