NasdaqGS:AMZNMultiline Retail
Amazon.com (AMZN) Faces FTC Lawsuit Over Alleged Billions In Ad Overcharges
FTC and 22 states file major lawsuit against Amazon.com (NasdaqGS:AMZN) alleging deceptive ad auction practices that overcharged advertisers by billions of dollars.
Regulators claim Amazon secretly altered its advertising auction system over multiple years to increase advertiser costs without clear disclosure.
The complaint targets Amazon's high margin advertising operations and seeks financial penalties and potential changes to its ad business.
The case adds a new regulatory front for...