US regulator sues Amazon for manipulating advertising prices
Federal Trade Commission claims ecommerce giant overcharged about 1.2mn businesses to promote their products
Federal Trade Commission claims ecommerce giant overcharged about 1.2mn businesses to promote their products
BELLINGS Intelligence Score: 58
Why it matters
The FTC and 22 states suing Amazon for alleged advertising price manipulation involves a major market participant and could influence ecommerce pricing and regulatory scrutiny, but it lacks immediate systemic credit-market disruption or direct monetary-policy impact, placing it just below the significant regulatory event threshold.
Sources
Financial Times
US regulator sues Amazon for manipulating advertising prices
Federal Trade Commission claims ecommerce giant overcharged about 1.2mn businesses to promote their products
The Hill Business
Federal Trade Commission and 22 states sue Amazon over inflated advertising prices
NEW YORK (AP) — The Federal Trade Commission and 22 states filed a lawsuit against online retailer Amazon on Monday claiming that it defrauded advertising customers. The lawsuit, filed in the U.S. District Court in the Western District of Washington, claims that Amazon…