Bearish
FTC and 22 states sue Amazon over deceptive advertising practices
On August 31, 2026, the Federal Trade Commission (FTC), along with attorneys general from 22 states, filed a lawsuit against Amazon in the Western District of Washington. The suit alleges that Amazon overcharged over 1.2 million advertisers by secretly imposing surcharges and inflating prices in its ad auctions. Amazon has called the lawsuit 'misguided' and disputes the allegations.
Key points
- FTC and 22 states sue Amazon over deceptive advertising practices
- Amazon's stock price closed at $258.26 on September 4, 2026, down 0.10% from the previous day.
Sources
AI-generated from public news sources. Not financial advice.
