Because they are greedy parasites who only work against the interests of everyone else in society? I’m sure they have an angle of how they could screw everyone over by making it more expensive to buy and sell a house.
Logical_Classic_4451 on
after the lies and hate they have spread for decades, why aren’t they banned from owning anything in the UK?
3106Throwaway181576 on
Murdoch owning Rightmove and the press, it would literally be game-over for the YIMBY movement
TheShakyHandsMan on
How does rightmove make money? There’s no subscription fees and I don’t know about adverts as I run an Adblock.Â
What would they gain by owning it? Luckily there’s other alternatives to right move.Â
Tripp_Loso on
Diversification. Basically newspapers don’t make money anymore. But they need to make money to be able to spread the lies through their media outlets.
Odd-Wafer-4250 on
What does it matter? The people of the UK won’t ever see how the Murdochs make their lives worse, as long as there’s an immigrant, disabled person, LGBTQ or PoC they can blame for their woes.
Minimum-Geologist-58 on
They clearly saw the success of the Daily Mail Group owning Zoopla and decided to follow suit. The trouble is nobody knows whether the Daily Mail just owns zoopla to ease looking up house prices for the obligatory mention in their articles.
Hollywood-is-DOA on
As the stock market and housing market is going to crash next April and may. Owning a company that the government will help bail out if this does happen, helps insulate you again any market crashes.
Blackrock are all so buying houses up before they are even built, as are other massive banks.
Flux_Aeternal on
Looking forward to Rightmove sending me notifications that my property value will fall if Labour win the next election and offering insights into the effect of roving gangs of immigrants on house prices.
Particular-Repeat-40 on
Since the UK government is unlikely to prevent corporate buy-outs of property, it makes sense to buy the right move database, and use datamine it to enable AI support to corporate landlords.
So a corporation plans to buy a building and checks rightmove to directly check what the market will bear in terms of rent and will make their investment decision and will dynamically adjust rental costs between or during contracted tenancies.
There’s similar American ‘AI’ databases that are used by landlords. Effectively neural network models.
chronicnerv on
I imagine Rightmove data is worth a fortune for simply knowing peoples intentions. It constantly gives you a current real time report on who wants to move where and by this alone tells you all sorts about the economy from national level right down to each postcode area.
Cuts out all political and government spin and just gives them the data.
jlb8 on
It’d be shame to see another British tech company go. Like other than only fans and maybe auto trader, I can’t think of any other dominant website.
Happytallperson on
I feel the CMA should look closely at this. Rightmove had a near monopoly, but many estate agents still do some degree or advertising with local newspapers. That creates an incentive to screw with that market.
Will_Rage_Quit on
Diversification. They see the younger generations not liking their media empire and want to find something else that can keep them filthy rich and influential.
AngryPowerWank on
By which you mean if this happens never use Rightmove again
WerewolfNo890 on
Pro tip: Look at the website of local estate agents rather than rightmove.
irtsaca on
Whatever… they cannot fuck up the British house market even more right?
Right?
nickbblunt on
There’s an absolute gold mine of digital advertising “real estate” when you consider how much finely targeted traffic they generate.
It’s almost too easy to segment audiences, predominantly based on the type of property theyre browsing for and where in the UK they’re looking.
ShortNefariousness2 on
Just when I thought they couldn’t move any further to the right.
Peeche94 on
Is this a real question? My god the governments need to reel in these ridiculously big companies, it is no benefit to the world.
flossgoat2 on
If you have real-time data on 90% of retail real estate, you can either sell it, use it to time investments, or use it to decide where to buy /sell retail real estate as a super-size landlord.
A massively politically influential family, with free-market tendencies, becomes landlord to millions of people over the next 10-20 years. How will that work out?
CodingRaver on
Probably so they can easily apply and train models that help them identify properly worth buying / flipping / holding / renting, as well as gathering more data about buyers, sellers and renters. They can access the data at the absolute first point of interaction. Once they’ve utilised the data they can also sell it.
miowiamagrapegod on
To make money. The same as literally every other business owner in the world.
_Spiggles_ on
So what you’re telling me is that using Rightmove will soon be a bad idea?
24 Comments
Because they are greedy parasites who only work against the interests of everyone else in society? I’m sure they have an angle of how they could screw everyone over by making it more expensive to buy and sell a house.
after the lies and hate they have spread for decades, why aren’t they banned from owning anything in the UK?
Murdoch owning Rightmove and the press, it would literally be game-over for the YIMBY movement
How does rightmove make money? There’s no subscription fees and I don’t know about adverts as I run an Adblock.Â
What would they gain by owning it? Luckily there’s other alternatives to right move.Â
Diversification. Basically newspapers don’t make money anymore. But they need to make money to be able to spread the lies through their media outlets.
What does it matter? The people of the UK won’t ever see how the Murdochs make their lives worse, as long as there’s an immigrant, disabled person, LGBTQ or PoC they can blame for their woes.
They clearly saw the success of the Daily Mail Group owning Zoopla and decided to follow suit. The trouble is nobody knows whether the Daily Mail just owns zoopla to ease looking up house prices for the obligatory mention in their articles.
As the stock market and housing market is going to crash next April and may. Owning a company that the government will help bail out if this does happen, helps insulate you again any market crashes.
Blackrock are all so buying houses up before they are even built, as are other massive banks.
Looking forward to Rightmove sending me notifications that my property value will fall if Labour win the next election and offering insights into the effect of roving gangs of immigrants on house prices.
Since the UK government is unlikely to prevent corporate buy-outs of property, it makes sense to buy the right move database, and use datamine it to enable AI support to corporate landlords.
So a corporation plans to buy a building and checks rightmove to directly check what the market will bear in terms of rent and will make their investment decision and will dynamically adjust rental costs between or during contracted tenancies.
There’s similar American ‘AI’ databases that are used by landlords. Effectively neural network models.
I imagine Rightmove data is worth a fortune for simply knowing peoples intentions. It constantly gives you a current real time report on who wants to move where and by this alone tells you all sorts about the economy from national level right down to each postcode area.
Cuts out all political and government spin and just gives them the data.
It’d be shame to see another British tech company go. Like other than only fans and maybe auto trader, I can’t think of any other dominant website.
I feel the CMA should look closely at this. Rightmove had a near monopoly, but many estate agents still do some degree or advertising with local newspapers. That creates an incentive to screw with that market.
Diversification. They see the younger generations not liking their media empire and want to find something else that can keep them filthy rich and influential.
By which you mean if this happens never use Rightmove again
Pro tip: Look at the website of local estate agents rather than rightmove.
Whatever… they cannot fuck up the British house market even more right?
Right?
There’s an absolute gold mine of digital advertising “real estate” when you consider how much finely targeted traffic they generate.
It’s almost too easy to segment audiences, predominantly based on the type of property theyre browsing for and where in the UK they’re looking.
Just when I thought they couldn’t move any further to the right.
Is this a real question? My god the governments need to reel in these ridiculously big companies, it is no benefit to the world.
If you have real-time data on 90% of retail real estate, you can either sell it, use it to time investments, or use it to decide where to buy /sell retail real estate as a super-size landlord.
A massively politically influential family, with free-market tendencies, becomes landlord to millions of people over the next 10-20 years. How will that work out?
Probably so they can easily apply and train models that help them identify properly worth buying / flipping / holding / renting, as well as gathering more data about buyers, sellers and renters. They can access the data at the absolute first point of interaction. Once they’ve utilised the data they can also sell it.
To make money. The same as literally every other business owner in the world.
So what you’re telling me is that using Rightmove will soon be a bad idea?