The Federal Trade Commission and 22 states sued Amazon for allegedly overcharging advertisers through a secret auction scheme.

The Federal Trade Commission and a bipartisan group of 22 states filed a lawsuit against Amazon, alleging the e-commerce giant secretly overcharged approximately 1.2 million advertising customers for seven years. The lawsuit claims that since 2019, Amazon has manipulated its

Sources

• Ars Technica
  FTC alleges Amazon illegally made $20 billion by rigging billions of ad auctions
• Marketing Dive
  Amazon’s ad auction surcharges secretly bilked brands of billions, FTC alleges
• BBC
  Amazon rigged $20bn worth of ads, US FTC lawsuit alleges

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Paywall and unreadable sources

• WSJ
  FTC Sues Amazon, Alleging It Deceived Advertisers and Drove Up Prices
• The Economist
  World in Brief: The Iran war turns hot again; Xi and Putin meet