AMZN slips as FTC files fresh advertising overcharge lawsuit
Amazon shares edged lower Tuesday amid broader market weakness. The FTC filed a fresh lawsuit alleging its advertising practices overcharged advertisers by roughly $20 billion. Citi called the pullback a ‘buying opportunity’; Amazon ‘strongly disagrees’.
Amazon (AMZN) shares edged lower in early trading Tuesday amid broader market weakness, but Citi sees a ‘buying opportunity’ after the Federal Trade Commission (FTC) filed a fresh lawsuit against the company, alleging its advertising practices overcharged advertisers by roughly $20 billion and mani…