AI Threatens Rightmove's Property Market Dominance
Update: 2025-12-06
Description
Rightmove, the UKs leading property listing website, faces a significant challenge as AI technology threatens to disrupt the market. With users spending billions of minutes on Rightmoves platform, the companys business model, which relies on charging estate agents to list properties, is at risk. In response, Rightmove plans to invest £60 million in developing its own AI tools to stay competitive. However, this move has caused investor concerns, leading to a drop in shares and a potential £1 billion lawsuit from estate agents. The coming years will be crucial for Rightmove as it navigates the AI revolution and its impact on the property market.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
