FTC plans to sue Amazon over alleged deception of advertisers, Wall Street Journal reports
Translated from English and summarized by DistantNews. Read the original for the full story.
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- The FTC plans to file a federal lawsuit in Seattle accusing Amazon of manipulating prices paid by companies for advertising on its platform over seven years.
- More than 20 state attorneys general from both parties are expected to join the case.
- Amazon shares fell 2.8% on Monday after the Wall Street Journal report.
The US Federal Trade Commission plans to sue Amazon, accusing the e-commerce company of manipulating the prices advertisers paid on its platform, the Wall Street Journal reported on Monday.
The commission plans to bring the case in federal court in Seattle, according to the newspaper, which cited FTC officials. The allegations concern advertising prices over a seven-year period.
More than 20 state attorneys general from both parties are expected to join the lawsuit. Amazon shares fell 2.8% on Monday after the Wall Street Journal report.
About this summary
Originally published by Egypt Independent in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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