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FTC files lawsuit accusing Amazon of deceptive ad pricing practices

The Federal Trade Commission filed a lawsuit against Amazon, alleging it manipulated prices businesses paid to advertise on its retail platform, generating tens of billions of dollars for itself over seven years.

AMZN

By Max FillionGood morning.

The Federal Trade Commission on Monday filed a lawsuit against Amazon.com alleging that the e-commerce giant manipulated prices businesses paid to advertise on its retail platform, reaping tens of billions of dollars for itself over seven years.The lawsuit, joined by a b…