US Federal Trade Commission to sue Amazon for deceiving advertisers: Wall Street Journal

The Wall Street Journal reported on Monday – citing officials at the US Federal Trade Commission (FTC) – that the FTC plans to file a lawsuit against Amazon, accusing it of manipulating advertising prices on its e-commerce platform. Amazon shares fell 2.8 percent on Monday following the Wall Street Journal report. Acco

Amazon sued by FTC, 22 US states over ad sales practices  Reuters

"Amazon has been able to generate billions of dollars in profits - at the expense of its auction advertising customers," the FTC stated in the suit.

Regulators say the e-commerce giant forced millions of advertisers to pay more than they should have. The company denies the claims.

Aug 31 : Amazon.com illegally raised prices for advertisers by surreptitiously raising the minimum price required to place ads that promote their products, the U.S. Federal Trade Commission alleged in a lawsuit filed in federal court Monday.The agency, joined by a bipartisan group of 22 U.S. states, said Amazon systema