The US sues Amazon for overcharging its advertisers
The Federal Trade Commission accuses the e-commerce giant of charging excessive fees to approximately 1.2 million businesses for promoting their products.
The US Federal Trade Commission (FTC) has filed a lawsuit against Amazon, alleging that the e-commerce giant deceived advertisers by manipulating prices they paid to promote products on its platform. The FTC claims that Amazon illegally obtained $20 billion from "unsuspecting advertising customers" through its sponsored listings and ads.
The lawsuit, filed in a Seattle federal court, alleges that around 1.2 million US advertising customers, including over 500,000 small and medium-sized businesses, were overcharged. Amazon has denied the allegations, stating that the FTC "fundamentally misinterprets" how its advertising auctions work. The company generates a significant revenue from advertising, with over $68 billion in ad sales last year.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
