Amazon rigged $20bn worth of ads, US FTC lawsuit alleges
- Amazon secretly overcharged more than a million advertising customers by manipulating online auctions it uses to set ad prices, according to a lawsuit filed by the US Federal Trade Commission (FTC) and a bipartisan group of 22 states.
- According to the lawsuit, filed on Monday, the alleged scheme has likely netted the firm $20bn (£14.8bn) from advertising customers since 2019.
- "Amazon overrides and replaces the actual auction results with higher prices set by Amazon to increase its profits," says a complaint filed in the company's home state of Washington.
Unverified
- Amazon secretly overcharged more than a million advertising customers by manipulating online auctions it uses to set ad prices, according to a lawsuit filed by the US Federal Trade Commission (FTC) and a bipartisan group of 22 states.
- According to the lawsuit, filed on Monday, the alleged scheme has likely netted the firm $20bn (£14.8bn) from advertising customers since 2019.
- "Amazon overrides and replaces the actual auction results with higher prices set by Amazon to increase its profits," says a complaint filed in the company's home state of Washington.
Sources: BBC News