Amazon Shares Tumble Amid News Of FTC 'Advertiser Deception' Lawsuit The Federal Trade Commission (FTC) is about to drop a lawsuit on Amazon today alleging that the e-commerce platform manipulated prices paid by businesses to advertise on its retail platform, which made the company tens of billions of dollars over a seven-year period, WSJ reports, citing agency officials. According to the report: The lawsuit, joined by a bipartisan group of more than 20 state attorneys general, will allege that Amazon deceived advertisers by secretly raising the minimum price advertisers had to pay to place ads promoting their products, FTC officials said. The case, to be filed in a Seattle federal court, will become the...
Read the full article at the source.
Comments (0)
No comments yet. Be the first to comment!