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Amazon, FTC and prices for advertisers

FTC alleges Amazon illegally made $20 billion by rigging billions of ad auctions

The Federal Trade Commission and 22 states sued Amazon yesterday, alleging that it has conducted a secret scheme to overcharge advertisers for seven years.

· 7h · on MSN

FTC, states sue Amazon over alleged manipulation of advertising auctions

· 22h

Amazon sued by FTC, 22 states over advertising practices

· 19h

Amazon faces lawsuit over accusation it manipulates auctions to force up ad prices

Amazon has been accused of using fake bids to artificially inflate the prices brands pay in its ad auctions, according to a newly filed case in the US.

· 23h

F.T.C. and 22 States Claim in Lawsuit That Amazon Secretly Inflated Ad Prices

· 12h

Amazon rigged $20bn worth of ad prices, US lawsuit alleges

· 13h

California joins sweeping lawsuit accusing Amazon of ‘rigging’ billions of ad auctions

Amazon strongly denies the allegations, calling the case “a misguided lawsuit” and saying it “strongly disagrees” that advertisers were misled about its Sponsored Ads pricing and auction system.

· 22h

FTC files landmark lawsuit claiming Amazon deceived advertisers out of billions

· 22h

FTC sues Amazon, alleging it overcharged advertisers

10h

Amazon stock falls on FTC lawsuit but analysts bullish despite near-term pressure

"Amazon has been able to generate billions of dollars in profits — at the expense of its auction advertising customers," the FTC said in its lawsuit filed in federal court in the Western District of Washington. The agency said advertisers suffered billions of dollars in losses because of higher advertising prices.

7hon MSN

Apple's new CEO, G20 meetings continue, the FTC sues Amazon and more in Morning Squawk

Here are five key things investors need to know to start the trading day.