FTC and 22 states sue Amazon for overcharging advertisers

In the U.S., the Federal Trade Commission and 22 states have filed a lawsuit against Amazon, alleging that the company inflated advertising prices for over 1.2 million customers. The lawsuit claims that Amazon manipulated auction prices, resulting in over $20 billion in overcharges since 2018. Amazon has denied these allegations, asserting that its advertising practices are fair and beneficial to advertisers.